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

Our Team

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 Shoof, The Collective and The Interiors Group.

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.

Jonathan Goldstone

Managing Partner

Jonathan is a Managing Partner at Pencarrow and a member of the investment committee for each fund. 

Prior to joining Pencarrow, Jonathan worked in investment banking for Morgan Stanley advising on a broad range of M&A and capital markets transactions. His career commenced with UBS, predominantly working in New York in its investment banking division. Bachelor and Master of Commerce (First Class Honours) degrees were earned from the University of Auckland.

Jonathan is currently a director of Pet Direct, Avanti Finance, Netlogix, and Skin Institute. Past directorships include Seequent and Icebreaker among a number of historical portfolio companies.

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 Skin Institute and New Zealand Frost Fans and was previously a director of MMC and Essano.

David Watt

Partner

Dave is a Partner of Pencarrow.  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.

Dave is currently a director of Shoof and Pet Direct.

Hazel Martin

Investment Director

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 The Interiors Group, Pacific Clinical Research Network and was previously a director of Umbrellar.

Alex Perry

Investment Manager

Alex rejoined Pencarrow in 2025 after spending two years in London, where he held corporate finance roles at London Business School, YMU Group, and CityFibre. Prior to his time in London, Alex spent over four years with Pencarrow and before this worked at PwC in the Corporate Finance team. Alex holds a Bachelor of Commerce (First Class Honours) in Finance and Economics from Victoria University.

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.

Annie Zhang

Strategy and Operations Director

Annie is the Strategy and Operations Director at Pencarrow, where she works with portfolio companies to drive value creation through strategy, business transformation, and building high-performance teams.

Prior to joining Pencarrow, Annie held the position of Strategy Director at Deloitte. Experience was also gained at The Warehouse Group in investor relations and supply chain transformation roles, and at KPMG as a management consultant. Annie initially worked in academia lecturing on finance.

Annie holds a Doctor of Philosophy (PhD) in Finance and Behavioural Economics from Massey University. She currently co-chairs the INFINZ Emerging Leaders Group and serves as a Future Director on the INFINZ Board.

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