RM

Rodd Macklin

Co-Founder Pennington Partners

Washington, District of Columbia

Invests in

  • Min Investment:

    $100,000.00
  • Max Investment:

    $5,000,000.00
  • Target Investment:

    $1,500,000.00

Work Experience

  • Co-Founder

    2016

    Pennington Partners, established in 2016, is a private strategy and investment firm with over $3.0bn in AUM that serves the complex and comprehensive needs of wealthy families. As a co-founder, I assisted in the design of the firm. My co-founder serves as CEO, and I serve as a strategic partner and a member of the investment committee. Pennington operates on four primary pillars: an operating partnership for entrepreneurs and wealthy families; tax advantaged investing; exit planning; and personal financial administration.

  • CFO

    2008

    NGP ETP, established in 2005, invests capital for growth and buyout transactions in companies that provide products and services to the oil and gas, power, energy efficiency, environmental and alternative energy sectors. At its peak the firm had approximately $500 million in capital under management and approximately 30 portfolio companies. The firm is affiliated with NGP Energy Capital Management, a $20 billion firm that has been a leading investor in the natural resources sector since 1988. NGP ETP is in the process of winding down. My responsibilities have included: (i) leading financial and administrative activities relating to two funds and affiliated entities, including management company budgeting, planning and reporting, financial statement preparation and annual audits, tax compliance and planning, and treasury functions; (ii) HR, IT, insurance, lease matters, and other management company activities; (iii) investor relations, quarterly and annual reports, capital call notices, and distribution letters; (iv) compliance and SEC reporting; and (v) portfolio management and transaction support.

2020 - 2023

  • CFO/CCO

    2020 - 2023

    NaviMed, established in 2011, invests capital for growth and buyout transactions exclusively in the health care industry. NaviMed manages approximately $400 million of capital commitments. The firm invests between $5 million and $25 million per transaction in companies with enterprise values between $25 million and $150 million. • Financial Reporting, Tax and Operations. Primary responsibility for financial and operational activities relating to two funds and affiliated entities, including financial and management planning and reporting, capital calls, distributions, waterfall calculations, financial statement preparation and annual audits, tax compliance and planning, and treasury functions. Manage HR, IT, lease matters, and other management company activities. Quarterback of outsourced service providers, including fund administrator, independent auditor, tax preparer and compliance consultant. • LP Relations and Fund Raising. Direct the Investor Relations function, with hands-on composition of investor communications, including quarterly and annual reports, capital call notices, and distribution letters. Meet with existing limited partners to review portfolio performance as well as potential new limited partners in anticipation of future fund raises. • SEC Registration/Compliance. Developed the firm’s compliance program and manage the program and code of ethics on an ongoing basis. Manage the process for required filings in accordance with federal (SEC) regulations. Led a successful SEC exam in 2021. • Transaction Support. Assist the deal teams in executing investment transactions and portfolio company oversight.

2016 - 2023

  • CFO

    2016 - 2023

    FJ Labs, established in 2015, invests in early-stage business-to-consumer and business-to-business companies across the globe. The principals of FJ Labs, who have been successful on an individual basis both as entrepreneurs and early- stage investors, combined to create a first-time fund with a commitment from a multi-billion dollar publicly traded company as the anchor LP. I am a consultant to FJ Labs, with primary responsibility for financial and operational activities relating to five funds and numerous affiliated entities aggregating approximately $400 million, including financial and management reporting, financial statement preparation and annual audits, tax compliance and planning, and treasury functions.

2007 - 2008

  • VP

    2007 - 2008

    American Capital Strategies was one of the largest U.S. publicly traded private equity fund and one of the largest U.S. publicly traded alternative asset managers and a member of the S&P 500. As of the end of 2007, the company had $17 billion in managed assets. The Bethesda Buyout Team focused on the acquisition of high-quality middle market companies, typically with enterprise values that range between $100 million and $600 million. From April 2007 through April 2008, the team invested $1.4 billion in 4 new platform transactions. • Generated deal flow through various marketing channels and screen such deals with an objective of originating several closed platform deals per year as well as add-ons for existing portfolio • Led team’s deal sourcing from over 300 investment banks and serve as the primary point of contact for intermediary relationships • Held face-to-face meetings with management teams of potential investee companies consistent with team’s investment focus • Attended local, regional and national trade shows and conferences and speak on panels to improve the firm's marketing network and deal flow • Identified new sources of transactions and lead various origination initiatives, the objective of which is to source proprietary deal flow (these efforts led to several proprietary deal opportunities in 2007) • Assisted in transaction executions and portfolio management • Managed team of six associates in respect of these business development efforts

1996 - 2007

  • CFO

    1996 - 2007

    • Performed in-depth equity research for this value-oriented investment firm. Provided buy/sell ideas and ongoing opinion updates and marketing support for institutional sales and corporate finance efforts. • Analyzed and prepared reports on companies in a variety of industries, including media and publishing, consumer products and leisure. Interviewed senior managements, evaluated corporate strategies, reviewed economic and industry data and developed computer models as the basis for fundamental analysis