San Francisco — September 5, 2007 — Global fund-of-funds and secondaries specialist Pantheon Ventures Ltd. announced that Rudy Scarpa has joined its secondary investment team as a partner.

Scarpa was previously a partner at Coller Capital in New York, where he was a key member of the deal-sourcing team. He also played an instrumental role in analysis, structuring and execution of secondary transactions. Prior to Coller Capital, Scarpa worked at Thomas H. Lee Putnam Ventures, Merrill Lynch and Skadden Arps. Scarpa’s primary role at Pantheon will be to establish the firm’s presence in New York, to supplement the U.S. coverage provided by the existing San Francisco office. His focus will be on secondary deal origination, structuring and transacting.

He will report to Elly Livingstone, head of Pantheon’s global secondaries team, who is based in London.

“Rudy’s experience, energy, creativity and track record will provide an excellent complement to our existing resource, and we are delighted to welcome him to the team,” Livingstone said. “Rudy is an outstanding professional, and this hire reflects Pantheon’s commitment to continue strengthening and developing its world-class secondaries team.”

Pantheon has a 20-year track record of successful secondary investing, and on behalf of its clients, has committed in excess of $3.5 billion in the secondary market globally across more than 220 transactions, including over 70 portfolio transactions and more than 150 single fund secondaries.


Notes to editors

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 $18 billion under management (as of March 31, 2007), investments in some 700 private equity funds worldwide, a global team of 119 including 53 investment professionals, and offices in London, San Francisco, Hong Kong and Brussels. It develops and implements private equity investment strategies for over 260 global institutional investors; product and service offerings include regional funds-of-funds in the U.S., Europe and Asia, customized separate account programs 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.

Russell Investments
Russell Investments is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$203.3 billion in assets (as of March 31, 2007) and advises clients worldwide whose assets represent approximately US$2 trillion (as of Sept. 30, 2006). Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash. For more information, go to www.russell.com.

Contact

San Francisco
Jay Pierrepont, Managing Partner +1 415 249 6200

London
Elly Livingstone, Partner +44 (0) 20 7484 6200