Pencarrow Bridge Fund

Pencarrow Private Equity Management Limited is a private equity firm based in Wellington, New Zealand, established in 1993. The firm specializes in management buyouts, buy-ins, succession planning, and growth capital financing, focusing on small to mid-market and mature companies. It avoids investments in start-ups, early-stage firms, and sectors such as mining, resources, and high technology. Pencarrow prefers industries like transport and logistics, engineering, niche manufacturing, and food production. The firm typically invests between NZD 10 million and NZD 30 million in companies with an enterprise value ranging from NZD 20 million to NZD 100 million. Pencarrow Bridge Fund, a buyout fund launched in 2016, targets businesses in the products and services sectors and continues to provide Board-level support to its portfolio companies.

Jonathan Goldstone

Managing Partner

Hazel Martin

Investment Manager

Alex Perry

Investment Associate

Geoff Romijn

Investment Manager

Philippa Janet Weston

Partner

Past deals in New Zealand

RedShield Security

Series B in 2019
RedShield Security Ltd develops and provides WAF (web-application-firewall) services. The company was founded in 2008 and is based in Wellington, New Zealand.

Icebreaker

Private Equity Round in 2015
Icebreaker pioneered the ethical and sustainable production of natural performance apparel.

SolarCity New Zealand Limited

Venture Round in 2014
SolarCity is New Zealand's only all-in-one solar power company and has put more Kiwi made panels on homes and businesses than any one else. We are in business for a purpose to help create a cleaner world, a sustainable future and transform New Zealand to be 100% solar by 2020.