# Pennae

Pennae is a Single Family Office based in Sydney, Australia.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Australia
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** pennae.com
- **LinkedIn:** https://au.linkedin.com/company/pennae

## Regulatory record

- **Reports private funds:** No

## About

Pennae operates as the investment platform of the Joyce Family Office. Jeremy Joyce and Trent Joyce serve as founders, with Julian Davies acting as Group Chief Financial Officer and Partner. The office traces its wealth origin to the Joyce family and participates in the Plymouth Brethren Christian Church commercial ecosystem through the Global Advisory Panel. Pennae deploys capital across private equity, real estate, and startups. Asset classes include PropTech, Industrial Tech, AgriTech & FoodTech, FinTech, Energy Transition & Renewables, and Digital Health. Investment stages cover buyout, growth, and startup. Geographic reach spans Europe, North America, Oceania, and South America. Confirmed positions include Pennae Property Regional Developments across NSW, VIC, QLD, and Tasmania plus Pennae Power and Pennae Utility & Maintenance Machinery in Australia. The firm reports no disclosed AUM figure and lists no additional offices beyond its Australian base. Adjacent vehicles include OneSchool Global and Rapid Relief Team for philanthropic activities. Pennae holds membership in the Family Business Association Australia and the Global Advisory Panel for Brethren businesses. No operational events from the last 24 months appear in available records. Pennae maintains a hybrid structure that combines direct asset ownership with network-based sourcing through the Plymouth Brethren Christian Church commercial ties. This architecture separates investment decisions from the family's operating businesses while preserving multi-generational oversight via succession planning.

## Sectors

- PropTech
- Industrial Tech
- AgriTech & FoodTech
- FinTech
- Energy Transition & Renewables
- Digital Health
- ClimateTech

## People

- Jeremy Joyce — Founder
- Trent Joyce — Founder
- Julian Davies — Group Chief Financial Officer and Partner

## Questions

### Who runs investment decisions at Pennae?

Jeremy Joyce and Trent Joyce act as founders. Julian Davies serves as Group Chief Financial Officer and Partner. Decisions integrate family oversight with network input from the Global Advisory Panel.

### How does Pennae source proprietary deal flow?

Pennae draws flow through the Plymouth Brethren Christian Church business network and the Global Advisory Panel. Direct relationships with regional Australian assets supplement external opportunities.

### Is Pennae structured as a single family office or does it operate more like a venture firm?

Pennae functions as a single family office. It combines direct asset ownership with allocations to private equity, real estate, and startups rather than operating external funds.

### Does Pennae participate in fund commitments or only direct deals?

Pennae executes direct deals and holds operating assets such as Pennae Power and regional property developments. No external fund commitments are disclosed.

## Related profiles

- [Peninsula Participacoes](https://altss.com/profile/peninsula-participacoes-diniz-family-office)
- [Sonder CPA](https://altss.com/profile/pennell-cpa)

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

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