San Francisco — November 5, 2007 — Global fund-of-funds investment manager Pantheon announced that Dennis McCrary has joined its U.S. investment team as a partner.

McCrary will focus on all aspects of Pantheon’s U.S. fund investment activity, as well as develop and oversee a U.S. co-investment strategy for its clients. McCrary will be based in Chicago and will work closely with the San Francisco-based primary investment team led by Susan Long McAndrews. McCrary will immediately join the U.S. Regional Investment Committee, the Co-Investment Committee, and the International Investment Committee.

“Dennis is a world-class private equity investor, and we are delighted to have him join as senior member of our firm,” McAndrews said. “He brings significant experience on a global scale, having worked with a variety of private equity firms as a fund investor and in a direct deal capacity. Dennis will add to the Pantheon team through his strategic understanding of the global markets and his extensive private equity relationships, particularly in the United States.”

McCrary was previously a partner at Adams Street Partners in Chicago, where he was head of the U.S. Partnership Team and was responsible for primary and secondary fund investing and a member of the firm’s global investment committee. Previously, McCrary held a variety of investment banking and principal investing roles during a 20-year career with Bank of America, and its predecessor, Continental Bank. 

“I am delighted to be joining such a great group of professionals with a real partnership mentality,” McCrary said. “Pantheon is a world-class global platform with a great reputation that is ideally situated within all sectors of the private equity business. As the industry continues its rapid evolution, I am confident we are very well positioned to provide superior investment returns to our clients, and I am excited to contribute to that end.”

Pantheon is celebrating its 25th anniversary as a global private equity investment manager and currently manages approximately US$20 billion in AUM as of June 30, 2007, for more than 250 clients worldwide.


Notes to editors

Pantheon Ventures Ltd.
Pantheon (www.pantheonventures.com) 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 US$19.8 billion under management (as of June 30, 2007), investments in over 700 private equity funds worldwide, a global team of over 120 including 53 investment professionals, and offices in London, San Francisco, Hong Kong, Brussels and New York. 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, 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$230 billion in assets (as of September 30, 2007) and advises clients worldwide whose assets represent approximately US$2 trillion (as of September 30, 2006). Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Washington. For more information, go to www.russell.com.

Contact

San Francisco
Susan Long McAndrews, Partner 415-249-6200  
Jay Pierrepont, Managing Partner, 415-249-6200 

London
Colin Wimsett, Managing Partner 44-0-20-7484-6200