# Pennant Equity Partners

> Pennant Equity Partners is a VC fund backing Software and Wireless. See 2 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Marblehead, United States
- Total investments: 2
- Last investment: Apr 2020
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/pennant-partners
- Website: https://x.com/thedownbucket

Pennant Equity Partners is a new breed of investment partner that combines patient private equity with a unique network of resources and consulting. Their mission is to deeply engage with a limited number of unique small and medium-sized businesses through acquisition, growth capital investments, strategic/financial advisory, and directmanagement involvement.They believe that both business owners and private investors are increasingly looking for a new type of financial partner that is not solely structured around the limitations or alignment issues created by the typical “short term” investment focus prevalent today. By focusing on long-term value creation, They are able to provide Their guidance and support through a variety of arrangements without the inherent limitations and conflicts created by “quick liquidity strategies.” This flexibility allows us to look at opportunities more broadly and often more objectively, helping us improve long-term outcomes in a strategically (often tax) optimized and capital efficient manner.Their broad industry expertise, management experience, strong network and access to capital make Pennant an ideal partner for many businesses, whether they are considering a transaction (founder retirement/transition, shareholder liquidity, growth capital or outright sale) or the business owner(s) or fiduciary is looking for expert assessment and execution strategies.

## Contacts

5 contacts available for Pennant Equity Partners. Shizune tracks 8 team members at Pennant Equity Partners. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/pennant-equity-partners?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 50% |
| Wireless | 1 | 50% |
| Infrastructure | 1 | 50% |
| Cloud Computing | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Alan Frost | Operating Partner – Pharmaceutical and Medical Device Marketing & Manufacturing | 0 | https://shizune.co/investors/profile/alan-frost |
| Doug Marsden | Operating Partner – Product Design, Engineering & Market Research | 0 | https://shizune.co/investors/profile/doug-marsden |
| Greg Fields | Operating Partner – Manufacturing, Process Improvement & Leadership Development | 0 | https://shizune.co/investors/profile/greg-fields |
| Harry Rozakis | Operating Partner –Semiconductor, Advanced Manufacturing & Offshore Development | 0 | https://shizune.co/investors/profile/harry-rozakis |
| Kelly Warner | Operating Partner – Energy, Efficiency, Renewables & Consulting | 0 | https://shizune.co/investors/profile/kelly-warner |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Federated Wireless | Formed in 2012, Federated Wireless, Inc., a subsidiary of Allied Minds (LSE: ALM), provides innovative cloud-based wireless infrastructure solutions to extend the access of carrier networks. Our dynamic Spectrum Access System (SAS) will revolutionize the way in which spectrum is allocated, managed, and optimized. Our unique approach incorporates aneural network of radio sensors allowing interference free access to low-cost, high-quality, licensed spectrum. Our solution breaks down traditional barriers of high cost and exclusive spectrum. Our differentiated business model creates opportunities for more efficient and innovative approaches to spectrum.Federated Wireless is headquartered in Arlington, VA, with offices in Boston, MA and Sunnyvale, CA. | $13.7M | Series C | Apr 21, 2020 |  |
| Federated Wireless | Formed in 2012, Federated Wireless, Inc., a subsidiary of Allied Minds (LSE: ALM), provides innovative cloud-based wireless infrastructure solutions to extend the access of carrier networks. Our dynamic Spectrum Access System (SAS) will revolutionize the way in which spectrum is allocated, managed, and optimized. Our unique approach incorporates aneural network of radio sensors allowing interference free access to low-cost, high-quality, licensed spectrum. Our solution breaks down traditional barriers of high cost and exclusive spectrum. Our differentiated business model creates opportunities for more efficient and innovative approaches to spectrum.Federated Wireless is headquartered in Arlington, VA, with offices in Boston, MA and Sunnyvale, CA. | $51M | Series C | Sep 04, 2019 |  |

2 of 2 investments shown.

## Co-investors
- [Allied Minds](https://shizune.co/investors/profile/allied-minds) — VC Fund, 2 deals together
- [GIC](https://shizune.co/investors/profile/gic) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Pennant Equity Partners invest in?

Pennant Equity Partners invests primarily in Software, Wireless and Infrastructure startups, most often at Series C stage. Most of the 2 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Pennant Equity Partners?

Public channels for Pennant Equity Partners include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Pennant Equity Partners?

The team at Pennant Equity Partners includes Alan Frost (Operating Partner – Pharmaceutical and Medical Device Marketing & Manufacturing), Doug Marsden (Operating Partner – Product Design, Engineering & Market Research) and Greg Fields (Operating Partner – Manufacturing, Process Improvement & Leadership Development), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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