Insights & Resources
Professional Insights
5 Ways To Prepare For A Business Exit Or Sale
Exiting or selling your business is a complex process that requires careful consideration. The financial returns loom large and there are a vast amount of personal implications to consider as well. While it may be a daunting endeavor, a business exit can be an opportunity …
The Dynamic Family Office Model
We are now sitting squarely at center stage of an unprecedented era of global family wealth transfer as the world’s most affluent individuals approach retirement and continue to ponder their family’s succession and wealth transfer requirements and aspirations. Amongst these families…
The Continuing Case to Invest in Opportunity Zones
Pennington Partners & Co. (Pennington) is a leading financial services solutions-focused firm that partners with entrepreneurs, their families, and the advisors that serve them.
Private Placement
Simply put, income and estate taxes can have a material impact on the investment returns for families with significant wealth. Investments that generate more normalized and predictable return streams often have a high percentage of returns taxed as either interest income or short-term…
Private Credit can Reduce a Portfolios Volatility and Increase Yield
We approach the alternatives market with a nomadic and opportunistic lens, searching for attractive relative value. Our platform was borne out of our affiliated Multi-Family Office’s need for solutions designed to generate attractive after-tax income…
The Definitive Guide to Multi-Family Offices
Wealth management can be complex and challenging for everyone, but especially so for ultra high net worth (UHNW) individuals and families who have investable assets to manage over $50 million or more…
In The News
Family office launches structured equity-focused real estate platform
Pennington Partners has hired a team from Walker & Dunlop Investment Partners to make structured equity investments and multifamily properties Read More
Pennington Partners Named a Winner in the Tenth Annual Family Wealth Report Awards 2023
BETHESDA, Md., May 18, 2023 Pennington Partners, a multi-family investment office that specializes in working with entrepreneurs, CEOs / founders, and their families, has been selected as a winner in the Best 'Multi-Family Office (Up to and Including $2.5 Billion AuM/AuA)' category… Read More
Drug Developer Stocks Are Risky. Why a Picks-and-Shovels Approach Makes Sense.
Playing pharmaceutical and biotech stocks these days is a lot like former slugger and Major League Baseball journeyman Dave Kingman swinging a baseball bat — you might hit a home run, but you’ll strike out a lot too. For investors, there’s a better way to play the sector.… Read More
Recession Timing, Interest Rates, and Geopolitical Realities
Sumit Handa, Managing Director & Co-Head of the Investment Committee, Pennington Partners, a multi-family office, joins Jill Malandrino on Nasdaq TradeTalks to discuss recession timing, interest rates, and geopolitical realities.… Read More
GPs face the music: The new reality of a ‘failed’ fundraise
Multiple managers have either closed or expect to close their latest private equity flagships below target - something unthinkable a few years ago. Private equity’s halcyon days of one-and-done fundraisings with lofty oversubscriptions now seem to be… Read More
Meet the LP: Pennington Partners
The Maryland-headquartered multifamily office has its eye on small growth and buyout managers with specialist strategies across North America and Western Europe. While private equity’s biggest funds continue to get larger and many institutional investors are consolidating… Read More
Family Offices Have Dry Powder Ready to Deploy on Real Assets
It’s no surprise that family offices are approaching all new investments with greater caution amid recent market volatility. At the same time, many families are holding onto cash that they are looking to put to work… Read More
Pennington Private Access offers big PE ideas in smaller packages to family offices and RIAs
Greg DeNinno, who launched Pennington Private Access this year, discusses the firm's focus on investing in smaller private equity managers targeting bootstrapped businesses… Read More
Private-credit firms see opportunity as banks tighten lending
Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the United States as battered regional banks tighten lending after the turmoil in the sector, according to fund managers and investment strategists… Sumit Handa, managing director… Read More
How do I find a financial advisor? These top firms can help with financial planning
If you need help deciding what to do with your money in a volatile stock market and uncertain economy, the choices can be bewildering. An inaugural list of the Best Financial Advisory Firms of 2023, developed for USA TODAY by market research firm Statista, attempts to simplify... Read More
Pennington Partners’ Sumit Handa and Citi’s Scott Chronert debate the likelihood of a recession
Pennington Partners Sumit Handa and CITI’s Scott Chronert, join ‘Closing Bell: Overtime’ to weigh in on the recession debate. Watch Here
The Economy Isn’t as Strong as It Looks. Get Ready for Another Stock Market Tumble.
Many people use the new year to make a fresh start. The market has certainly done so: After a painful 2022, the S&P 500 has jumped 5.5% in 2023, and is inching higher again Thursday following robust GDP data… Read More
Expert Reveals 3 Indicators of a GIANT Housing Market Crash
As whispers continue to circulate regarding a potential housing market crash, one economic expert believes it’s only a matter of time. Sumit Handa, co-head of the investment committee at Pennington Partners, makes a compelling case… Read More
How U.S. Investors Can Deal With Fallout From The War In Ukraine In These Unprecedented Times
Russian forces are not letting up in their push to take over Ukraine. Reports of several strikes against civilian targets like a local shopping mall are piling up as the Associated Press reports that Russia is "pouring fire"… Read More
What investments will prosper in a stagflationary environment? Look to the '70s
Inflation, Federal Reserve policy tightening, and geopolitical turmoil are cooking up a recipe for stagflation — when inflation and low or no economic growth coincide — said Sumit Handa, managing director at investment firm Pennington Partners. Due to a mix of factors, the typical relationship between stock markets and bond markets has broken. … Read More
How U.S. Investors Can Deal With Fallout From The War In Ukraine In These Unprecedented Times
…In a recent interview, Sumit Handa, co-head of the investment committee at Pennington Partners and former CIO for the City of Philadelphia shares how consumers and investors are being affected by the sanctions. Of course, he doesn't advocate for war and in no way condones what Putin…Read More
Private Debt Investor
A white paper from Pennington says PPLls are particularly effective when used in conjunction with an irrevocable life insurance trust, allowing families to grow their investments free of both income and estate tax. The minimum investment for a PPLI is $1 million, which can be funded over a period of three to four years… Read More
Pennington Partners & Co. Announces Launch of Real Estate Investment Vertical
The new offering will focus on tax-advantaged investing including Opportunity Zones, structured equity, and senior secured lending given emerging opportunities in the existing marketplace. The launch represents an expansion of the Pennington team... Read More
The Direct Deal Slowdown in Family Offices Is Real
Although institutional-grade family offices have long prized directly investing in companies, rather than working with private equity firms, concerns about liquidity, rising interest rates, and inflation have some choosing to sit on the sidelines… Read More
A conversation about the nation’s uncharted economic territory
Sumit Handa, co-head of investment committees for Pennington Partners and Pennington Alternative Income, joins the program to offer his perspective on debt, inflation, interest rates, and where the smart investment dollars are flowing during these turbulent economic times… Listen Here
How One Founder Is Using His Companies To Invest In Innovation And Address The Needs Of Family Offices
Worth sat down with Brian Gaister, cofounder of Pennington Partners & Co., SaaS Ventures and PTM Partners, to discuss the purpose behind Pennington Partners, how it helps families and family offices and the opportunities he’s seeing in early-stage technology investing…Read More
Air Travel Is Booming. 2 Stocks to Buy That Aren’t Airlines.
Investors don’t have to buy airline stocks to play the rebound in air travel. Pennington Partners’ Sumit Handa points to FTAI Aviation (FTAI), a $2.8 billion company that leases and maintains aircraft engines, including those found in the Boeing 737 and Airbus A320 families… Read More
Why missing your target is a nuanced affair in the eyes of some LPs
For a handful of years, fundraising press releases wrote themselves; the words “oversubscribed”, “first and final close”, significantly larger than its predecessor” were easy wins for flacks… Read More
This Multifamily Office Is Enlisting the Expertise of Entrepreneur Clients for a New PE Platform
Pennington Partners, a multifamily office with $2 billion in assets, has launched a private equity platform that allows its clients to both invest in and be strategic… Read More
Family Offices Get Opportunistic Amid Market Chaos
For some family offices, the more niche an investment is, the better suited it will be for their portfolio. To that end, some of the largest family offices, including Pennington Partners and GRC Investment Group, are looking to put capital to work in warehouses, U.K. stocks… Read More
Pennington Partners expands, opens office in Houston
Brian Gaister, co-founder and CEO of Pennington Partners, moved to Houston as part of his company's expansion into Southeast Texas. Pennington Partners works with founders… Read More
Mansion Global
While higher mortgage rates in the U.S. aren’t likely to prevent high-net-worth individuals from buying the house they want, rising rates change the equation when it comes to deciding the best way to make a million-dollar purchase…you should shop around at different banks… Read More
Benzinga
Crypto Winter. War in Ukraine. A stock market drop: What’s an investor to do? When we look at the drop in stock market values, we see this as the result of two factors: Covid lockdown policies that were drawn out… Read More
Nasdaq Composite rallies 3.4% Monday, but still logs worst month in 2 years in rough start to 2022…
The Nasdaq Composite recorded its biggest percentage drop in almost two years, as well as its worst January in over a decade, despite Monday’s broader rally in stocks — capping a brutal month for investors….The Nasdaq Composite Index COMP closed… Read More
How a New Asset Class Is Growing Out of Subscription Revenue
The pandemic was a light-bulb moment for founders of financing startups, which aim to turn subscription-based revenues into a new asset class.Can Software Save the World at a Profit? Venture funds and bank loans are no longer the sole source of capita… Read More
Can Software Save the World at a Profit?
Collin Gutman is managing partner of SaaS Ventures, a venture capital fund based in Miami and Washington, D.C., that focuses on early-stage investments in so-called enterprise technology—that’s the tools that help businesses behind the scenes…Read More
Are Hot Tech Deals Riskier for Direct Lenders?
A hot technology investing marketplace is attracting a rush of capital to direct lending strategies aimed at financing buyout deals for software and other digital market companies. But as competition roars and valuations hit new highs, the jury is out over whether tech-focused direct lenders also.…Read More
Are Hot Tech Deals Riskier for Direct Lenders?
A hot technology investing marketplace is attracting a rush of capital to direct lending strategies aimed at financing buyout deals for software and other digital market companies. But as competition roars and valuations hit new highs, the jury is out over whether tech-focused direct lenders also face increased risk.…Read More
Dan Och’s Fortune Soars With Family Office After Hedge Fund Exit
…“Dan was obviously a super successful hedge fund manager, but a hedge fund manager has constraints to what they invest in,” said Brian Gaister, head of multifamily office Pennington Partners. “With his family office, he has the flexibility to invest in different industries and in private and public companies.”…Read More
Press Releases
Pennington Partners Announces Addition of Katherine Frattarola to Advisory Board
Frattarola's extensive experience within financial services marketing will support Pennington Partners' strong growth trajectory
BETHESDA, Md., Nov. 30, 2021 /PRNewswire/ -- Pennington Partners, a multi-family investment office that specializes in working with entrepreneurs, family offices, and their families, has announced the appointment of marketing executive, Katherine Frattarola, to its Advisory Board. Frattarola will be tasked with providing strategic guidance as the firm navigates a strong period of growth and expansion.
Michael Rubenstein Joins Pennington Partners as Director of Estate and Wealth Planning
A renowned estate planning attorney, Rubenstein will support Pennington's national network of ultra-high net worth families
HOUSTON, Oct. 3, 2022 Pennington Partners, a multi-family office that specializes in working with entrepreneurs, family offices, and their families, has announced that Michael Rubenstein has joined the firm and will lead its Estate and Wealth Planning services.
The Family Wealth Alliance Announces 2022 Young Professionals Awards Winners
The Family Wealth Alliance
CHICAGO, ILLINOIS, USA, October 18, 2022— The Family Wealth Alliance is pleased to announce the 25 recipients of its 2022 Young Professionals in Family Wealth Awards, which honor family wealth professionals under 40 who have demonstrated success in their careers and made significant contributions to the industry.
Compliance
The Securities and Exchange Commission has implemented Regulation S-P, which relates to the privacy of consumer financial information, and has established rules in response to Section 504 of the Gramm-Leach-Bliley Act. Under the requirements of Regulation S-P, registered investment advisers are required to annually provide clients a copy of the privacy policy.