Pennington Alternative Income IDF, LP
Pennington Alternative Income IDF, LP is a hedge fund based in Bethesda, Maryland. According to its most recent Form D, filed Mar 6, 2026, the fund has sold $86,324,886 of interests to 1 investor since its first sale in Jun 2018. 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. Related persons named in the filing include Pennington Alternative Income IDF GP, LLC; Rodd Macklin; Brian Gaister.
Performance
No verified returns have been reported for this fund. As a rough guide, Pennington Partners & Co., LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +7.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is +21.0% (S&P 500: +27.4%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $86,324,886Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Jun 30, 2018
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Other exemption
- Key people and entities
- Pennington Alternative Income IDF GP, LLC; Rodd Macklin; 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 AltMountain 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 · Request a correction
Questions about Pennington Alternative Income IDF, LP
What is the minimum investment for Pennington Alternative Income IDF, LP?
According to its latest Form D, filed Mar 6, 2026, the minimum investment Pennington Alternative Income IDF, LP accepts from an outside investor is $1,000,000.
Who can invest in Pennington Alternative Income IDF, LP?
Pennington Alternative Income IDF, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How much has Pennington Alternative Income IDF, LP raised?
Pennington Alternative Income IDF, LP reports $86,324,886 sold from 1 investor on its Form D filed Mar 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Pennington Alternative Income IDF, LP based?
Pennington Alternative Income IDF, LP is based in Bethesda, Maryland and is managed by Pennington Partners & Co., LLC.
When did Pennington Alternative Income IDF, LP launch?
Pennington Alternative Income IDF, LP reports its first sale in Jun 2018.
Size compared with every hedge fund
Raised more than 65% of the 62 hedge funds based in Maryland, and more than 55% of all 10,308 that report sales.