Hole transfer between a CdSe/CdS core/shell semiconductor nanorod and a surface-ligated alkyl ferrocene is investigated by a combination of ab initio quantum chemistry calculations and electrochemical and time-resolved photoluminescence measurements. The calculated driving force for hole transfer corresponds well with electrochemical measurements of nanorods partially ligated by 6-ferrocenylhexanethiolate. The calculations and the experiments suggest that single step hole transfer from the valence band to ferrocene is in the Marcus inverted region. Additionally, time-resolved photoluminescence data suggest that two-step hole transfer to ferrocene mediated by a deep trap state is unlikely. However, the calculations also suggest that shallow surface states of the CdS shell could play a significant role in mediating hole transfer as long as their energies are close enough to the nanorod highest occupied molecular orbital energy. Regardless of the detailed mechanism of hole transfer, our results suggest that holes may be extracted more efficiently from well-passivated nanocrystals by reducing the energetic driving force for hole transfer, thus minimizing energetic losses.