Pantheon, a global private markets investor, launched Pantheon Global Private Equity Fund (PGPE), the latest addition to the firm’s growing global private wealth platform. PGPE is an open-ended, evergreen fund that seeks to provide private and institutional investors with unique exposure to a diversified private equity portfolio through a single investment.
PGPE will soon be available to investors in more than 20 countries outside of the U.S., with a differentiated offering that leverages Pantheon’s established global private equity platform to construct a high-conviction portfolio concentrated in high-quality, hard-to-access assets and fund managers, with a focus on the mid-market. The fund will harness Pantheon’s extensive and often-proprietary deal flow in secondaries and co-investments, which are increasingly compelling for investors given potentially attractive secondary pricing and efficiency in fees.
The fund launch builds on the momentum and success of Pantheon’s $7 billion global private wealth platform, includes a range of evergreen fund solutions. This includes the AMG Pantheon Fund, one of the largest registered private equity funds in the U.S. with close to $2.4 billion under management, that similarly offers access to a global private equity portfolio sourced from across Pantheon’s global platform through a single investment and with quarterly liquidity.
“Pantheon continues to innovate to meet increasing demand from an array of private and institutional investors to access the best opportunities across private markets,” Victor Mayer, managing director at Pantheon and portfolio manager of PGPE, said. “PGPE offers a compelling solution that combines diversified access to U.S. and European mid-market private equity and immediate participation to achieve a target allocation through a single investment, without the high investment minimums and long capital lock-ups typical in traditional funds.
“The timing for PGPE could not be better, with a slowdown in exit activity and a more challenging fundraising environment increasing the flow of secondary and co-investment opportunities, and creating a potentially attractive valuation and pricing environment in which to invest on behalf of our clients.”
“We are excited to bring Pantheon’s specialist expertise to investors around the world, deepening our commitment to opening private markets to a wider range of prospective investors across our global private wealth platform,” Susan Long McAndrews, partner and global head of business development, said. “Our time-tested record of investing in private equity generally, and secondaries and co-investments in particular, will be a compelling proposition for investors to access this dynamic and evolving asset class.”
