# Penn Mutual Asset Management

Penn Mutual Asset Management is an Insurance-Owned Asset Manager based in Conshohocken, United States.

## Overview

- **Organization type:** Insurance-Owned Asset Manager
- **Headquarters:** Conshohocken, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Founded:** 1900
- **Assets under management:** Undisclosed
- **Website:** pennmutual.com
- **LinkedIn:** https://www.linkedin.com/company/penn-mutual-asset-management-inc-

## Regulatory record

- **CRD number:** 107518
- **SEC file number:** 801-35477
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107518

## About

PENN MUTUAL ASSET MANAGEMENT, LLC is an SEC-registered investment adviser in CONSHOHOCKEN, PA, since 1990. The firm manages approximately $42.3 billion in assets. It has 30 employees and 30 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Private Equity
- Fixed Income

## People

- Eileen K. McDonnell — Chairman and CEO

## Questions

### Who runs investment decisions at Penn Mutual Asset Management?

Eileen K. McDonnell serves as Chairman and CEO of Penn Mutual Asset Management. She oversees the firm's investment strategy, which is aligned with the parent company's liability-driven objectives (per the firm's website).

### Which sectors does Penn Mutual Asset Management explicitly avoid?

The firm has a conservative mandate due to its insurance parent and avoids high-risk, speculative asset classes unrelated to yield generation. It generally avoids pure venture capital, cryptocurrency, and unsecured consumer lending.

### How is Penn Mutual Asset Management related to Penn Mutual Life Insurance Company?

Penn Mutual Asset Management is the wholly owned investment division of Penn Mutual Life Insurance Company, a mutual insurance company founded in 1847. It manages the general account portfolio and provides investment services to the parent and select third parties (per the firm's website).

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Last updated: 2026-06-03T20:00:00.000Z

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