Pennymac Capital Management, Llc
- Regulatory AUM
- $21.3B
- Discretionary
- $21.3B
- Clients
- 1
- Avg AUM / client
- $21.3B
- Accounts
- 1
- Employees
- 44
AUM over time
Annual snapshots from Form ADV filings · as of Feb 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $21.3B | 100.0% |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Spector, David, Alan | Chairman And Chief Executive Officer | Mar 2008 (18y) | Less than 5% | |
| Stark, Derek, William | Senior Managing Director, Chief Legal Officer And Secretary | Mar 2015 (11y) | Less than 5% | |
| Zandpour, Derrick | Chief Compliance Officer | Jul 2019 (7y) | Less than 5% | |
| Perotti, Daniel, Stanley | Senior Managing Director And Chief Financial Officer | Jan 2021 (6y) | Less than 5% | |
| Jones, Doug, Edward | President And Chief Mortgage Banking Officer | Mar 2021 (5y) | Less than 5% | |
| Elbaum, Mark, Evan | Senior Managing Director, Strategic Initiatives | Oct 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Private National Mortgage Acceptance Company, Llc | Parent Company | Mar 2008 | A | 75% or more |
| Pennymac Financial Services, Inc. | Shareholder | Nov 2018 | B | ≈ 14.06% – 50% via Pnmac Holdings, Inc. |
| Pennymac Financial Services, Inc | Member | Nov 2013 | B | ≈ 37.5% – 75% via Private National Mortgage Acceptance Company, Llc |
| Pnmac Holdings, Inc. | Member | Nov 2018 | B | ≈ 18.75% – 50% via Private National Mortgage Acceptance Company, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Pennymac Financial Services, Inc.: 75% – 100% of Pnmac Holdings, Inc. × 25% – 50% of Private National Mortgage Acceptance Company, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Pennymac Financial Services, Inc: 50% – 75% of Private National Mortgage Acceptance Company, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Pnmac Holdings, Inc.: 25% – 50% of Private National Mortgage Acceptance Company, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/17/2026 | 1.06 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Deutsche Bank Trust Company Americas $5.6B (99% of AUM) Jun 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 17, 2026.
View current Form ADV (SEC/IAPD) ↗