London — August 11, 2008 — Leading private equity fund-of-funds player Pantheon is building on its longstanding presence in Asia with three new high-calibre professionals for its primary investment team in Hong Kong.
Andrew Lebus, Managing Partner at Pantheon’s London office said: “Pantheon’s decision to grow our investment team in Hong Kong reinforces our strong historic foothold in Asia. We were the first private equity fund-of-fund to open an office in Asia 16 years ago, and just two years later launched the first Asian private equity fund-of-funds. We anticipate a strong flow of investment opportunities coming from the region, backed up by our access to the some of the best Asian private equity managers.”
Alex Wilmerding joins Pantheon as a Principal from Citigroup Private Bank in Boston, where he spent two years as a director, following nine-years as a partner at Boston Capital Ventures. Alex has extensive experience of working in Asia, having held positions with Fednav in Shanghai and Cathay Pacific Group in Hong Kong and Jakarta
Minjun Chung has been appointed as Associate, following two years as a research analyst at global consultancy firm McKinsey & Co. and two years with Samsung Corporation. Meanwhile, Leah Liu joins Pantheon as Analyst from Lazard Freres in New York, where she was an investment banking analyst. As with the existing Asian investment team, all three additions to the team are fluent in local languages.
“Our Asian investment strategy has definitely changed,” says Chris Meads, Partner at Pantheon’s Hong Kong office. “From the time we raised our first Asian vehicle in 1994 to now, when we are committing our fifth Asian fund-of-funds, we have seen an evolution in the manager universe, and the range of investment opportunities has also increased. For most of our investors, Asia has moved from being a fringe investment to a core and exciting part of their allocation”.
Pantheon Ventures Ltd.
Pantheon has been active in private equity since 1982 and is one of the world’s leading private equity fund-of-funds and secondaries managers, with $24 billion under management (as of 31 July 2008), a global team of 141 including 63 investment professionals, and offices in London, San Francisco, New York and Hong Kong. It develops and implements private equity investment strategies for over 250 global institutional investors; product and service offerings include regional funds-of-funds in the U.S., Europe and Asia, customised separate account programmes and global secondary funds. Pantheon also acts as manager to Pantheon International Participations PLC (“PIP”), the world’s first quoted private equity fund-of-funds, launched in 1987 and listed on the London Stock Exchange. Pantheon is part of Russell Investments. For more information, go to www.pantheonventures.com.
Russell Investments provides strategic advice, implementation services, performance benchmarks and a range of institutional investment products. With over $210 billion in assets under management (as of 30/06/08), Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world’s leading money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. For more information, go to www.russell.com.
Chris Meads, Partner, Head of Investments +852 2110 8063
Carsten Huwendiek, Principal, Head of Marketing & Communications +44 207 484 9128