Pennington Alternative Income Management

Pennington Alternative Income Management (PAI) is an alternative investment firm dedicated to providing attractive risk-adjusted returns through differentiated yield-oriented investments. The firm primarily serves ultra-high net worth taxable investors and the advisors who support them. PAI's investment approach is characterized by a nomadic and opportunistic lens, seeking attractive relative value across various asset classes. This strategy was developed in response to the affiliated multi-family office's need for solutions designed to generate attractive after-tax income.

The firm's portfolios are designed around tax efficiency, yield, and diversification, targeting gross internal rates of return (IRRs) between 9% and 15%, and net IRRs between 7% and 11%. PAI focuses on attractive risk/reward opportunities with a strong emphasis on capital preservation and current yield. Their tax-sensitive investment style involves originating and/or purchasing differentiated debt and debt-like investments across a variety of less correlated investment classes. Representative transactions include a revolving credit facility for a bank lender originating commercial loans through a Federal Reserve-administered stimulus program, a senior-secured Holdco note for a consumer finance company, and a construction loan to finance the development of a multi-family apartment building in Jersey City.

Founded by two entrepreneurial families in 2016, Pennington Partners & Co. is an award-winning multi-family office whose mission is to elevate the lives of highly successful entrepreneurs and their families. The firm offers a full suite of modern investment and wealth planning solutions, including household management, investment advisory services, and a tax-advantaged investment platform, all intentionally designed to support the complex needs of their partners. PAI operates as an affiliate of Pennington Partners & Co., leveraging the firm's extensive experience and resources to deliver tailored investment solutions to its clients.