Pantheon Racks up $2.4B-Plus for Latest Flagship Co-Investment Fund

Global private markets investor Pantheon has racked up more than $2.4 billion for its latest private equity co-investment program – Pantheon Global Co-Investment Opportunities Fund V.

The fund is focused on growth equity and small and mid-sized buyouts, which collectively have accounted for approximately two-thirds of Pantheon’s co-investments.

Pantheon has been working in co-investments since 2009 as an extension of its global private equity platform. Since then, it has committed more than $6.3 billion to co-invest deals alongside more than 130 fund managers.

“While the current macro and market backdrop is volatile, we have found these types of environments can provide an interesting set of investment opportunities, particularly in the mid-market, where we focus. We are excited about the early progress of deploying PGCO V – and are happy to report two early exits in the program,” said Jeff Miller, Global Head of Private Equity at Pantheon.

Co-investment capital sees LPs making direct investments alongside private equity firms and is an avenue many market participants are turning to, as traditional fundraising becomes tougher.

Pantheon, which is majority-owned by Affiliated Managers Group and senior members of the team, has $88.9 billion in assets under management and advisement.