Pinnacle Partner Management LLC

Pinnacle Partner Management L.L.C. is a Seattle-based investment adviser specializing in real estate investments in Qualified Opportunity Zones (QOZs). Established in December 2018, the firm was founded by Leo Backer and Jeff Feinstein. Pinnacle focuses on investing in securities and real estate holdings through private pooled investment vehicles, primarily targeting real estate-related securities and direct real estate holdings. The firm manages approximately $264.6 million of client assets on a discretionary basis as of December 31, 2024. Pinnacle charges management fees, carried interest, and origination fees, with the flexibility to negotiate terms with certain investors. The firm does not participate in wrap fee programs and provides investment advice directly to its pooled investment vehicles, not individual investors. Pinnacle's investment strategy involves investing in ground-up and adaptive reuse projects in QOZs to generate risk-adjusted returns. The firm discloses potential conflicts of interest, including side letter arrangements with certain investors, and has a code of ethics to guide business conduct. Pinnacle does not engage securities brokers due to the nature of its investments and does not vote on client securities. The firm maintains custody of client assets and exercises investment discretion on behalf of its clients. Pinnacle has not been involved in any disciplinary events and provides annual audits of financial statements to clients.