Pennington Appreciation Fund, LP
Private Equity FundFund ID 805-4747871774Delaware, United States
Gross assets
$50.8M
Min. investment
$1M
Beneficial owners
27
Size rank
Top 55%
Audited
Yes
Structure
Standalone
About this fund
Pennington Appreciation Fund, LP is a private equity fund managed by Pennington Partners & Co., LLC. The fund reports $50.8 million in gross assets, placing it among the top 55% of private funds by size. The stated minimum investment is $1 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-4747871774 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | Yes |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 100% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Pennington Real Estate Partners Ozf, LP | Real Estate | $84.6M |
| Pennington Alternative Income Idf, LP | Private Equity | $84.4M |
| Pennington Alternative Income Access, LP | Hedge | $77.3M |
| Ptm Partners Opportunity Zone Fund I, LP | Real Estate | $76.8M |
| Pennington Private Access, LP | Private Equity | $70.4M |
| Pennington Alternative Income Fund, LP | Hedge | $28.9M |
Frequently asked questions
How large is Pennington Appreciation Fund, LP?
Pennington Appreciation Fund, LP reports $50.8 million in gross assets, among the top 55% of private funds by size.
What is the minimum investment for Pennington Appreciation Fund, LP?
The stated minimum investment is $1 million.
Who manages Pennington Appreciation Fund, LP?
Pennington Appreciation Fund, LP is managed by Pennington Partners & Co., LLC.
Does Pennington Appreciation Fund, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
Bethesda, MD
Service providers
Reported gross assets
$50.8M▲ 44%
Mar '25Form ADV, monthlyAug '26
How this fund compares
Gross assetsTop 55%
Larger than 45% of 67,603 private funds
Gross assets vs Private Equity FundsTop 52%
Larger than 48% of 31,272 private equity funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum
Investor base
Adviser & related persons3%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.