about ferns

About

Pencarrow has been helping New Zealand businesses achieve their goals for over 30 years. We have a highly collaborative approach to investment, partnering with management and shareholders across a broad range of industries. 

We have a team of nine investment professionals who bring a diverse range of skills from previous experiences in private equity, corporate finance, investment banking, governance and operational management. 

 

Meet the team

PPE Profiles Rod Gethen 09 2

Rod Gethen

Managing Partner

Rod is a Managing Partner of Pencarrow and has over 30 years' experience in investment management, acquisitions, divestments, valuation and corporate advisory and restructuring. Prior to joining Pencarrow in 1994, Rod worked in Auckland, Sydney and London within the corporate finance practices of Deloitte and PwC and is a qualified Chartered Accountant.

Rod is currently on the boards of Umbrellar, Essano, The Collective and The Interiors Group.

gethen@pencarrowpe.co.nz

+ 64 (0) 4 917 0118 or + 64 (0)27 472 3125

PENCARROW PQ Profiles 04

Nigel Bingham

Managing Partner

Nigel is a Managing Partner of Pencarrow and has more than 25 years’ experience in private equity, mergers & acquisitions and corporate finance. Prior to joining Pencarrow in 2005, Nigel was a partner with investment bank, Cameron Partners, and earlier an executive at Fay, Richwhite. Nigel has a BSc (Hons) First Class in Statistics, an MSc with Distinction in Mathematics and a Diploma of Business Studies in Finance.

Nigel is currently on the boards of Netlogix, RedShield, New Zealand Frost Fans and Pacific Clinical Research Network.

bingham@pencarrowpe.co.nz

+ 64 (0)4 917 0116 or + 64 (0)27 449 2896

johnathan

Jonathan Goldstone

Managing Partner

Jonathan is a Managing Partner at Pencarrow, a member of the investment committee, and is based in the Auckland office.

Jonathan worked in investment banking for Morgan Stanley prior to joining Pencarrow, where he advised public and private companies on a broad range of M&A and capital markets transactions. He commenced his career with UBS, working in both Auckland and New York in its investment banking division. Jonathan holds Bachelor and Master of Commerce (First Class Honours) degrees from the University of Auckland.

Jonathan is currently a director of Avanti Finance, Netlogix, Skin Institute, and The Collective.  He was previously a director of Icebreaker, Seequent, NZ Frost Fans, Umbrellar, Interiors Group, and alternate for BrewGroup.

+64 (0)21 656 345

Philippa 08e

Philippa Weston

Partner

Philippa is a Partner at Pencarrow and has over 20 years' experience in investment management, including strategic planning, corporate governance, operational and financial management. Prior to joining Pencarrow in 2012, Philippa was Head of Investments at Kiwibank and was previously AMP Capital Investors’ Chief Operating Officer. Philippa is a qualified lawyer, and holds a Bachelor of Laws and a Bachelor of Commerce and Administration.

Philippa is currently a director of Essano and Skin Institute and was previously a director of solarZero and MMC. 

+64 (0)4 917 0117 or +64 (0)27 493 7866

Pencarrow Private Equity David Watt 01 Cropped 2

David Watt

Partner

Dave is a Partner of Pencarrow and is based in the Auckland office.  Prior to joining Pencarrow, Dave was a managing director at investment bank, Jarden, and has over 20 years’ experience in mergers & acquisitions, divestments, corporate finance and capital raisings.

Dave has a BCom in Finance, and an LLB (Hons) from the University of Otago.

+64 (0)21 876 596

hazel

Hazel Martin

Investment Director

Hazel is an Investment Director at Pencarrow and is based in Auckland.

Prior to joining Pencarrow in 2017, Hazel was in London working in private equity and corporate finance roles for John Lewis and the Walt Disney Company. She commenced her career with PwC in corporate finance. Hazel holds a Bachelor of Laws (Hons) and a Bachelor of Commerce from the University of Canterbury and was a CFA charter holder 2015 - 2019.

Hazel is currently on the board of Pacific Clinical Research Network and was previously a director of Umbrellar.

+64 (0)204 123 2482

Pencarrow 2018 Geoff Romijn 02

Geoff Romijn

Investment Director

Geoff is an Investment Director at Pencarrow. Prior to joining Pencarrow in 2018, Geoff worked in the corporate finance team at Deloitte in Wellington as well as working in London with corporate finance roles at Colt Technology Services and United Biscuits. Geoff holds a Bachelor of Commerce and Administration (First Class Honours) from Victoria University of Wellington and is a CFA charterholder.

Geoff is currently a director of The Interiors Group.

romijn@pencarrowpe.co.nz

+64 (0) 27 326 5034

HenryL PPE IH 63043 v2 square

Henry Lynch

Investment Analyst

Henry is an Investment Analyst at Pencarrow. Prior to joining Pencarrow in 2022, he worked in the Corporate Finance team at PwC in Wellington. Henry holds a Bachelor of Commerce in Finance and a Bachelor of Applied Science in Molecular Biotechnology from the University of Otago.

+64 (0) 21 022 25528

Rod is a Managing Partner of Pencarrow and has over 30 years' experience in investment management, acquisitions, divestments, valuation and corporate advisory and restructuring. Prior to joining Pencarrow in 1994, Rod worked in Auckland, Sydney and London within the corporate finance practices of Deloitte and PwC and is a qualified Chartered Accountant.

Rod is currently on the boards of Umbrellar, Essano, The Collective and The Interiors Group.

gethen@pencarrowpe.co.nz

+ 64 (0) 4 917 0118 or + 64 (0)27 472 3125

Nigel is a Managing Partner of Pencarrow and has more than 25 years’ experience in private equity, mergers & acquisitions and corporate finance. Prior to joining Pencarrow in 2005, Nigel was a partner with investment bank, Cameron Partners, and earlier an executive at Fay, Richwhite. Nigel has a BSc (Hons) First Class in Statistics, an MSc with Distinction in Mathematics and a Diploma of Business Studies in Finance.

Nigel is currently on the boards of Netlogix, RedShield, New Zealand Frost Fans and Pacific Clinical Research Network.

bingham@pencarrowpe.co.nz

+ 64 (0)4 917 0116 or + 64 (0)27 449 2896

Jonathan is a Managing Partner at Pencarrow, a member of the investment committee, and is based in the Auckland office.

Jonathan worked in investment banking for Morgan Stanley prior to joining Pencarrow, where he advised public and private companies on a broad range of M&A and capital markets transactions. He commenced his career with UBS, working in both Auckland and New York in its investment banking division. Jonathan holds Bachelor and Master of Commerce (First Class Honours) degrees from the University of Auckland.

Jonathan is currently a director of Avanti Finance, Netlogix, Skin Institute, and The Collective.  He was previously a director of Icebreaker, Seequent, NZ Frost Fans, Umbrellar, Interiors Group, and alternate for BrewGroup.

+64 (0)21 656 345

Philippa is a Partner at Pencarrow and has over 20 years' experience in investment management, including strategic planning, corporate governance, operational and financial management. Prior to joining Pencarrow in 2012, Philippa was Head of Investments at Kiwibank and was previously AMP Capital Investors’ Chief Operating Officer. Philippa is a qualified lawyer, and holds a Bachelor of Laws and a Bachelor of Commerce and Administration.

Philippa is currently a director of Essano and Skin Institute and was previously a director of solarZero and MMC. 

+64 (0)4 917 0117 or +64 (0)27 493 7866

Dave is a Partner of Pencarrow and is based in the Auckland office.  Prior to joining Pencarrow, Dave was a managing director at investment bank, Jarden, and has over 20 years’ experience in mergers & acquisitions, divestments, corporate finance and capital raisings.

Dave has a BCom in Finance, and an LLB (Hons) from the University of Otago.

+64 (0)21 876 596

Hazel is an Investment Director at Pencarrow and is based in Auckland.

Prior to joining Pencarrow in 2017, Hazel was in London working in private equity and corporate finance roles for John Lewis and the Walt Disney Company. She commenced her career with PwC in corporate finance. Hazel holds a Bachelor of Laws (Hons) and a Bachelor of Commerce from the University of Canterbury and was a CFA charter holder 2015 - 2019.

Hazel is currently on the board of Pacific Clinical Research Network and was previously a director of Umbrellar.

+64 (0)204 123 2482

Geoff is an Investment Director at Pencarrow. Prior to joining Pencarrow in 2018, Geoff worked in the corporate finance team at Deloitte in Wellington as well as working in London with corporate finance roles at Colt Technology Services and United Biscuits. Geoff holds a Bachelor of Commerce and Administration (First Class Honours) from Victoria University of Wellington and is a CFA charterholder.

Geoff is currently a director of The Interiors Group.

romijn@pencarrowpe.co.nz

+64 (0) 27 326 5034

Henry is an Investment Analyst at Pencarrow. Prior to joining Pencarrow in 2022, he worked in the Corporate Finance team at PwC in Wellington. Henry holds a Bachelor of Commerce in Finance and a Bachelor of Applied Science in Molecular Biotechnology from the University of Otago.

+64 (0) 21 022 25528

Our History

Founded in 1993, Pencarrow is one of the most experienced private equity managers in New Zealand. Since its founding the firm has invested over $600 million of equity capital in mid-sized New Zealand businesses. 

Pencarrow is currently investing from the Pencarrow VI Investment Fund LP, which reached its first close in June 2022, and comprises $300 million in committed capital.  

We have a proven track record of delivering strong returns in a range of economic conditions and portfolio cycles. Our investors include high net worth individuals, family offices, iwi, community trusts and institutions. We pride ourselves on providing an extremely high degree of transparency to our investors.

PH snip

Hex Dates 2022

Fund VI

$300 million - Currently investing

Hex Dates 2018

Fund V

$250 million - Fully deployed as at November 2021

Hex Dates 2016

Bridge Fund

$80 million - Fully deployed as at April 2018

Hex Dates 2011

Fund IV

$124 million - Fully realised in 2022

Hex Dates 2005

Fund III

$75 million - Fully realised in 2016

Hex Dates 1998

Fund II

$138 million - Fully realised in 2015

Hex Dates 1993

Fund I

$25 million - Fully realised in 2007