Episode #174

John Pennington

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Co-Founder Of Bridge Investment Groups - Managing Over 16 Billion In Assets Through Their Funds

Guest Bio:


John Pennington serves as Partner and Chief Compliance Officer for Bridge Investment Group. Mr. Pennington is the point of contact for all inquiries regarding U.S. Securities and Exchange Commission (SEC) compliance, regulations and audits. Additional roles include; i) the secretary for Bridge Investment Group’s Board of Directors, ii) voting member of the ROC Fund I Investment Committee, iii) secretary for the Bridge Executive Committee, iv) secretary for the Bridge ALCO Committee, v) the President of over 100 Bridge controlled corporations in Delaware, vi) and as financial corporate backup when Bridge Investment Group’s CFO is away from the office. He brings experience in real estate finance, private equity fund management, public company management, securities broker/dealer management, corporate formations, international regulatory, real estate loan underwriting and SEC financial reporting & compliance beginning in 1994. From 2005 to present, Mr. Pennington is the Co-Founder and Managing Director of Bridge Loan Capital Fund, LP, responsibilities include: capital raising, bank relationships, budgets, financial reports, SEC filings, fund formation, compliance, administration, annual audits, and REO real estate dispositions. Prior, Mr. Pennington was Co-Founder and President of USAT Inc., an import/export company, which has transacted business in over 17 countries, subsequently, he was the Co-Founder & Co-Owner of businesses located in Spain, Canada, Germany and Puerto Rico. From 1997 through 1999, he was Chief Operating Officer and Co-Owner of a publicly held company with 140 employees. He was responsible for audits, SEC reporting, and international sales. This led to his co-ownership, acquisition and subsequent successful sale of a foreclosed, real estate distressed housing development, including a full-service golf course and country club. Mr. Pennington earned his Bachelor of Science degree in Economics from the University of Utah in 1988. Mr. Pennington has served on the Advisory Board of the Westminster College School of Business in Salt Lake City, Utah, and as the director of fundraising for the Utah Special Olympics program, a charitable organization for special needs children. He is currently filed with FINRA as an investment advisor and holds a Series 65.

 

Show Notes

 

  • Introduction (2:03)

  • Bridge Managment Group (3:38)

  • Managing over 16 billion dollars (5:14)

  • Finding the right partners (9:37)

  • Going through the real estate crash (12:55)

  • Getting started in business (17:37)

  • Economics on a world view (28:45)

  • Recent book on the Big Bang Theory (51:20)

  • Working with charities (54:10)

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