Private Equity Investment Committee
The Private Equity Investment Committee of Brooke Bone, John Johnston, Brian Gaynor, Lester Gray and Jonathan Windust, have over 100 years of investment experience among its members. Over half of this experience has been focussed on investing in New Zealand private and public markets, with the reminder gained in offshore markets.
Left to right: Lester Gray, John Johnston, Brooke Bone, Jonathan Windust, Brian Gaynor
Brooke is an Investment Director for Milford’s Funds and co-manages the Milford Private Equity Fund II. He is currently a director of a number of companies on behalf of the Milford Active Growth Fund. Brooke joined Milford in 2012 from Macquarie Securities in New Zealand where he was a Senior Research Analyst covering a variety of sectors including manufacturing, agriculture, mining and oil and gas. Prior to that, Brooke was a Vice President at Morgan Stanley in London, covering Pan-European retail companies. Brooke also worked for the corporate finance and property team of Marks and Spencer in the UK. He qualified as a Chartered Accountant with Ernst & Young and is a CFA Charterholder.
John is an Investment Director for Milford’s Funds and co-manages the Milford Private Equity Fund II. Prior to joining Milford in 2016, John spent four years at Fletcher Building, latterly managing the Firth Masonry, Dricon, and CSP Pacific businesses operating in the concrete and roading technology sectors. This followed stints in strategy and corporate finance at Fletcher Building and prior to that Air New Zealand. The first decade of John’s experience was in principal equity investment and investment banking for Societe Generale and Macquarie Bank (in Sydney and London) working across a range of industry sectors. John holds an LLB (Hons), BA and BCom from the University of Otago and an MBA from Oxford University.
Brian is an Executive Director of Milford Asset Management, Head of Investments, Chairman of Milford’s Investment Forum and Private Equity Investment Committee. Brian’s career includes roles as a Partner and Head of Research at stockbrokers Jarden & Co, and a member of the New Zealand Stock Exchange. He has also been a board member of a number of listed and public owned entities, including the Guardians of the New Zealand Superannuation Fund. He is also one of the original founders of Milford Asset Management and has been Portfolio Manager of the Milford Active Growth funds (Unit Trust and KiwiSaver) since they were established in October 2007. He is also Portfolio Manager of the New Zealand equities portion of the Trans-Tasman Fund.
Lester retired from Schroders, a UK listed international asset management company, in 2013 after working for 26 years in several senior roles based in London, New York and Singapore. From 2004 he was CEO, and from 2012 Chairman, of Schroders Asia Pacific business, which has operations in nine countries across the region. Lester was a member of Investment and Advisory committees for various Schroder related PE funds and served on several investee company boards. In addition to his executive roles he was Chairman of the Investment Management association of Singapore from 2006-2013 and in 2011 was awarded the Public Service Star by the President of Singapore for his services to the finance sector. Lester serves as a non – executive director of Milford Asset Management and is an advisor to several private investment companies in New Zealand and in Asia
Jonathan is the Deputy Head of Investments and Portfolio Manager of the Milford Diversified Income Fund and the Milford Balanced Funds (Unit Trust and KiwiSaver). Prior to joining Milford in 2008, Jonathan worked for Gartmore Investment Management in London where he was Portfolio Manager for the Royal Bank of Scotland Pension scheme which had assets in excess of NZ$25 billion. While at Gartmore, Jonathan was also responsible for investment strategy and investments into individual private equity funds and companies across Europe and Asia. Prior to Gartmore, Jonathan worked for BT Funds Management, Frank Russell and the New Zealand Dairy Board (now Fonterra). Jonathan is a CFA Charterholder.