Pantheon has been active in the private equity co-investment markets for more than 16 years, and our track record over this period is strong¹. We have reviewed over 2,000 transactions, completed more than 340 co-investments, and partnered with more than 130 general partners (GPs) globally². We decline far more deals than we approve and, across each of the last five generations of our global co-investment funds, the deals selected have consistently outperformed those we declined³.