Pantheon Closes $3.25B Secondaries Program

Pantheon, a prominent global private markets investor, has raised $3.25 billion across its largest ever private equity secondaries program, easily eclipsing its $2 billion target.

Pantheon Global Secondaries Fund VII is the latest in a long line of private equity secondaries activity from the firm, dating back to its first investments in the strategy in 1988.

Like its predecessor vehicles, the program invests in a blend of both traditional LP stake secondaries and the growing range of GP-led secondaries opportunities.

Pantheon says that strategy allows it to capture the benefits of potential discounts and early distributions typically associated with traditional secondaries portfolios, as well as the opportunity for premium returns associated with more concentrated GP-led investments.

To date PGSF VII has deployed nearly 60% of its total commitments, including more than 50% of commitments to the core commingled fund.

Raising our largest-ever pool of capital reflects increasing interest from a growing range of investors in our strategy and focus on mid-market secondaries, where we can leverage Pantheon’s extensive relationships, data and insights,” said Amyn Hassanally, partner and global head of private equity secondaries at Pantheon.

Pantheon had approximately $62 billion in discretionary assets under management as of June 30.