Timothy M. Pennington III was a founding partner of Brentwood Associates in 1972. Brentwood Associates is one of the nation’s leading venture capital and private equity firms and has grown into several investment entities with more than $2 billion in capital. Brentwood Associates has owned or invested in more than 300 companies over its 30 years. Its venture capital activities have been primarily in the high-tech areas of computers, software, electronics, health care, biotechnology and medical services. Its company ownerships have included the fields of cellular communications, sports equipment, medical imaging, publishing, rental equipment, golf course ownership and many others.
Pennington has been a director of both the National Venture Capital Association and the Western Association of Venture Capitalists, as well as many public and private companies and a number of charitable organizations. He currently serves on the board of visitors of the UCLA School of Medicine, is a director of the UCLA Jonsson Cancer Center, and serves on the board of directors of the Boy Scouts of America, Western Los Angeles County Council.
His undergraduate degree is in mechanical engineering from the University of Arizona, and he received his MBA from UCLA Anderson School of Management.