Pennington Alternative Income Fund, LP is a hedge fund based in Bethesda, Maryland. According to its most recent Form D, filed Mar 6, 2026, the fund has sold $28,729,000 of interests to 35 investors since its first sale in Apr 2021. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Rodd Macklin; Pennington Alternative Income Fund GP, LLC; Brian Gaister.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $28,729,000Cumulative sales reported on Form D
- Investors
- 35
- First sale
- Apr 1, 2021
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Rodd Macklin; Pennington Alternative Income Fund GP, LLC; Brian Gaister
- Latest Form D
- Mar 6, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 42% of the 62 hedge funds based in Maryland, and more than 36% of all 10,157 that report sales.