Pantheon, a leading investor in global private markets, has attracted strong interest from around the world for its second global infrastructure program, closing over $1 billion of capital into its commingled program and separate accounts. This markedly exceeds the targeted fundraising and is more than twice the size of Pantheon’s inaugural 2009 vintage program. The commingled program was substantially oversubscribed.
“We are delighted with the response our 2014 infrastructure program has received,” commented Kathryn Leaf Wilmes, Partner and Global Head of Infrastructure and Real Assets at Pantheon. “We developed a compelling investment proposition, which has generated strong interest from new geographic markets, notably in Asia, while maintaining robust demand from North America and Europe.”
Pantheon’s second vintage global infrastructure commingled program has a focus on secondaries where Pantheon has been an early mover and where the firm continues to see compelling investment opportunities. In addition, Pantheon will be active in primaries and co-investments, and expects to continue to support and partner with infrastructure General Partners including several with whom the firm has invested since their first fund.
Since the 2014 vintage program was developed, Pantheon has committed capital to seven transactions. As of March 16th, 2015, Pantheon’s 2014 commingled fund program has committed 19% of its capital and has three additional transactions currently being finalized. “The 2014 vintage program is off to an encouraging early start. Having our investment professionals present in several local markets underpins and enhances our ability to access, screen and transact attractive global opportunities”, adds Ms. Leaf Wilmes.
Investors in Pantheon’s 2014 global infrastructure program include a mix of new and re-upping global institutional investors.
Pantheon has also formalized its long-standing experience in energy and other real assets with the appointment of Evan Corley, a Principal in Pantheon’s investment team, into a newly created position of Head of Natural Resources within Pantheon’s Global Infrastructure and Real Assets team. “This is a natural evolution for our business. We have been investing in energy for over 18 years and in infrastructure assets since 1994. We are now able to offer clients exposure to the real assets space through a dedicated team and strategy”, commented Ms. Leaf Wilmes. The team will work closely with separate account clients looking to commit capital into real assets.
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Notes to Editors
Pantheon is a leading global private equity fund investor that invests on behalf of over 370 individual institutional investors, including public and private pension plans, insurance companies, endowments and foundations. Founded over 30 years ago, Pantheon has developed an established reputation in primary and secondary private asset solutions across all stages and geographies. Our investment solutions include customized separate account programs, regional primary fund programs, secondaries, co-investment and infrastructure programs. Pantheon also has private equity solutions for private wealth and defined contribution clients.
As at September 30, 2014, Pantheon had over $31.4 billion assets under management* and we currently have 195 employees, including 72 investment professionals, located across our offices in London, San Francisco, New York, Hong Kong, Seoul and Bogotá.
Pantheon is owned by Affiliated Managers Group Inc (“AMG”), alongside senior members of the Pantheon team. AMG is an NYSE-listed asset management company with equity investments in leading boutique investment management firms. The ownership structure, with Pantheon management owning a meaningful share of the equity in the business, provides a framework for long-term succession and enables Pantheon management to continue to direct the firm’s day-to-day operations.
* This figure includes assets subject to discretionary or non-discretionary management, advice or those limited to a reporting function.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration.”
For more information, go to www.pantheon.com.
Amanda McCrystal, Principal, Global Head of Marketing and Communications
Tel: +44 207 484 6200