Investment adviser · CRD 107518

PENN MUTUAL ASSET MANAGEMENT, LLC

Investment adviser filing (IA)

CONSHOHOCKEN, PA, United States · Form ADV filed Apr 1, 2026

Regulatory AUM
$42.3B
Form ADV · Item 5.F
Client accounts
35
Accounts, not individual clients
Employees
30
Reported in this filing
Advisory professionals
30
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Insurance companies5$32,983,935,63178.0%
Investment companies29$9,275,419,20421.9%
Corporations & businessesFewer than 5$27,388,3780.1%
Filing source

Form ADV 2086955 · Apr 1, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

2 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

PENN MUTUAL ASSET MANAGEMENT MULTI-SERIES FUND (MASTER), LLC - SERIES AHedge Fund · Last reported May 6, 2022$135MGross asset value

Feeder funds

Fund administrator BNY MELLON ALTERNATIVE INVESTMENT SERVICES EAST SYRACUSE, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNERAMPER, LLP PHILADELPHIA, Pennsylvania, United States
Custodian THE BANK OF NEW YORK MELLON EAST SYRACUSE, New York, United States Related to adviser: No
Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

EISNERAMPER, LLP
PCAOB 274

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source
Fund ID
805-1889562070
Reported beneficial owners
1
Minimum commitment
$1M
Form D file number
021-254554

Form ADV 1648580 · May 6, 2022 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PENN MUTUAL ASSET MANAGEMENT MULTI-SERIES FUND (MASTER), LLC - SERIES BOther Private Fund · Last reported Oct 29, 2025$109MGross asset value

Feeder funds

Fund administrator BNY MELLON ALTERNATIVE INVESTMENT SERVICES EAST SYRACUSE, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNERAMPER, LLP PHILADELPHIA, Pennsylvania, United States
Custodian THE BANK OF NEW YORK MELLON EAST SYRACUSE, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

EISNERAMPER, LLP
PCAOB 274

Fund details & source
Fund ID
805-8497869653
Reported beneficial owners
2
Minimum commitment
$1M
Form D file number
021-290143

Form ADV 2023787 · Oct 29, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Apr 1, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets

Principal office

EIGHT TOWER BRIDGE, 161 WASHINGTON STREET, SUITE 1111
CONSHOHOCKEN, PA, 19428, United States

CRD 107518

Filing source

Form ADV 2086955 · Apr 1, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.