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Rodd Macklin — Co-Founder · Pennington Partners & Co. · Bethesda, Maryland, United States.
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About
Pennington Partners & Co. is an award-winning* multi-family office founded by entrepreneurs to serve entrepreneurs, business owners, and families of significant wealth. Dedicated to elevating the lives of its clients, the firm integrates investment management, tax and estate planning coordination, and financial administration into a comprehensive family office relationship. With approximately $5 billion in assets under advisement as of December 31, 2025, Pennington combines the capabilities of a sophisticated family office with a highly personalized approach. The firm focuses on enhancing after-tax outcomes, preserving wealth across generations, and simplifying the complexities of its clients' financial lives.*Pennington Partners was named Best Multi-Family Office Up To $25bn at the 2025 Private Asset Management Awards, which are presented by With Intelligence and recognize excellence in the wealth management industry. Candidate firms do not pay a fee for consideration. Honorees pay to license the use of award logos. The date the award was given was January 5, 2025, and judges credited both performance over the prior year and longer-term performance. For more information on the award and details on the selection process, please visit: https://awards.withintelligence.com/privateassetmanagementaward/en/page/categories-criteria
Experience
Co-FounderCurrent
Pennington Partners & Co. · Bethesda, MD
Jan 2016 – Present
I co-founded Pennington Partners & Co. in 2016 and helped design the firm's structure and multi-family office model. Today my role spans several areas, including: • Firm leadership: helping set the firm's strategic direction as a member of its leadership team • Business development: building relationships with entrepreneurs, business owners, and families, and growing the firm's network of partners and advisors • Investment oversight: serving on several of the firm's investment committees
CFO
Pennington Partners · Washington DC
Sep 2008 – Dec 2024
Part-time role continued alongside co-founding and building Pennington Partners & Co. (2016–present), through the fund's wind-down. 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 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.
Education
Skills
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