London — Pantheon, a global private markets investor, has successfully concluded its fundraising for Pantheon Global Secondaries Fund VII (PGSF VII), amassing an impressive $3.25 billion. The total aggregate fundraising surpassed the initial target of $2.0 billion, marking Pantheon’s most substantial capital raise for a private equity secondaries program. This achievement underscores the growing demand for secondaries investment opportunities, with increased inflows from private wealth clients worldwide.
The fundraising for PGSF VII exceeded the initial target by raising a substantial $3.25 billion. PGSF VII invests in both traditional LP secondaries and GP-led secondaries opportunities, with a specific emphasis on the mid-market. Pantheon witnessed increased demand from private wealth clients globally, with notable commitments from the AMG Pantheon Fund and various wealth management clients.
The successful fundraising reflects the current market environment, characterized by a continued demand for liquidity from investors and fund managers, resulting in increased deal flow and attractive pricing for secondaries investors. Pantheon encompasses subsidiaries and subsidiary undertakings of Pantheon Ventures Inc. and AMG Plymouth UK Holdings Limited. Operating globally with offices in the US, UK, Hong Kong, Guernsey, Tokyo, Dublin, and Singapore, Pantheon specializes in private equity, real assets, and private credit, providing creative solutions for sePantheoncure financial futures.
Amyn Hassanally, Partner and Global Head of Private Equity Secondaries at Pantheon, expressed gratitude for the strong support from investors and highlighted the increasing interest in their strategy. He emphasized Pantheon’s focus on mid-market secondaries, leveraging extensive relationships, data, and insights.
PGSF VII follows Pantheon’s established secondaries strategy, incorporating a blend of traditional LP stake secondaries and GP-led secondaries opportunities. This approach aims to capture the benefits of potential discounts and early distributions associated with traditional secondaries portfolios while also exploring premium returns linked with more concentrated GP-led investments.
As of now, PGSF VII has deployed approximately 60% of total commitments, translating to a $2 billion portfolio of investments. With over $1.2 billion in dry powder still to be deployed, Pantheon sees the evolving secondaries market presenting a growing range of compelling investment opportunities.
Amyn Hassanally emphasized Pantheon’s scale, investment capacity, and specialist expertise, coupled with a global reach and deep industry relationships, positioning the firm to capitalize on emerging market opportunities and deliver strong risk-adjusted returns.
Pantheon, with over 40 years in private markets investing, has garnered a reputation for providing innovative solutions across the full lifecycle of investments. The firm manages approximately $62 billion in discretionary assets under management (as of June 30, 2023) and collaborates with over 1,000 clients, including institutional investors and private wealth advisers.