Our alternative income strategies address the need for well-secured, yield-oriented solutions for taxable investors. The current commingled fund offerings include:

• Pennington Alternative Income, IDF, a diversified multi-strategy evergreen income portfolio targeting 7-11% annual returns, tax-deferred or tax-free, by investing through private placement life insurance via an Insurance Dedicated Fund

• Pennington Alternative Income, LP, a diversified multi-strategy evergreen income portfolio targeting 7-11% net returns that intends to distribute income with an emphasis on after-tax returns for the taxable investor.

Edward Goldstein leads Pennington Alternative Income after spending nearly 15 years at Morgan Stanley, where he ran one of the industry’s pioneering diversified private credit funds. He is joined by Tod Trabocco, who oversaw credit research globally for Cambridge Associates.