New York, May 6th, 2013, Pantheon, a leading global private equity investor, today announced the appointment of Michael Riak as Principal, Head of U.S. Defined Contribution. In this newly created role, Michael will lead Pantheon’s initiative to enable defined contribution plan sponsors to access private equity exposure on behalf of defined contribution plan participants.

Commenting on his appointment, Mr. Riak said: “I am delighted to be joining Pantheon and look forward to being an integral part of a global private equity firm committed to delivering private equity exposure to defined contribution plan sponsors and participants. Adding high quality private equity investments to defined contribution plans will help address participants’ need for higher returns, bringing to bear the benefits of an asset class long enjoyed by defined benefit plans and other institutional investors.”

Kevin Albert, Global Head of Business Development and Client Services, added: “We are delighted to welcome Michael Riak to Pantheon. His record of innovation and experience in adding alternatives to defined contribution plans gives him deep insights into how to integrate alternative investments into individual retirement accounts, and in particular, how to address the needs of sponsors, participants and consultants alike. We know he will be instrumental in delivering the right solution to the defined contribution community.”

Michael will start in this new position in June and be based in Pantheon’s New York office. He joins Pantheon after a seventeen year career at Verizon Communications. As Director of Savings & Affiliate Plans, Michael was instrumental in making the telecommunications company the first non-financial plan sponsor to offer private real estate and absolute-return investment options to defined contribution plan participants.  He was responsible for bringing one of the most innovative custom target date structures to Verizon which included diversifying asset classes such as global listed infrastructure, global high yield fixed income, commodities and a global equity allocation with a currency overlay.  Pantheon will rely on Michael’s expertise in plan mergers and transitions to help bring Pantheon’s investment products to the defined contribution community.

In addition to his defined contribution responsibilities, Michael was Chief Investment Officer of the Verizon Foundation and oversaw the investment structures for the Captive Insurance Program and its voluntary employees beneficiary association plans (VEBAS).

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Notes To Editors

Pantheon

Pantheon is a leading global private equity and infrastructure fund investor that invests on behalf of over 400 institutional investors. Established over 30 years, Pantheon has developed a strong reputation and track record in primary and secondary private asset solutions across all stages and geographies. Pantheon’s investment solutions include customized separate account programs, regional primary fund programs, secondaries, co-investment and infrastructure programs.

Pantheon has $24 billion in AUM and over 180 employees, including over 70 investment professionals, located across offices in London, San Francisco, New York and Hong Kong.

For more information, go to www.pantheon.com.

Contact Pantheon:

London

Carsten Huwendiek, Principal, Head of Communication
Tel: +44 207 484 6200
Email:  carsten.huwendiek@pantheon.com

New York

Amy Williams
Tel: +1 212 284 7626
Email:   awilliams@montiethco.com