Penstock Equity Management

Private Equity Exempt reporting adviser

Legal name: Penstock Equity Management LLC

Birmingham, MI Website

AUM

$62.1M
Private fund assets

Private funds

2
Private Equity 2

Private fund assets

$62.1M
Gross asset value

Employees

—

Last Form D raise

Feb 2026
Most recent fund filing

From SEC Form ADV filing (filed Apr 7, 2026). View on SEC

People(2)

Owners and executive officers named on the firm's SEC Form ADV.

A
Adam Wise
Managing Partner
Source: SEC Form ADV
D
David Hiemstra
Managing Partner
Source: SEC Form ADV

Funds(2)

Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Penstock Equity II LPPrivate Equity$44.8M$41.0M79Feb 2026Warm
Penstock Equity LPPrivate Equity$17.3M$17.3M64May 2023Cold

Board seats(3)

Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.

CGP-DGD Parent
Business ServicesLenexa, KSDirector: Adam Wise
$3.4M raised
Since Apr 2025
SEC Form D
Smede Son Holding
ManufacturingBirmingham, MIDirector: Adam Wise
$3.6M raised
Since Jan 2023
SEC Form D
Calco Holdings
ManufacturingBirmingham, MIDirector: Adam Wise
$17.0M raised
Since Jan 2020
SEC Form D

Regulatory identifiers

CRD number
340947
SEC file number
802-136210

Sources