Pantheon announced the upcoming launch of the 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 US, 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. It will offer monthly subscriptions starting from $25,000 and includes a quarterly liquidity mechanism1.
The fund launch builds on the momentum and success of Pantheon’s $7bn global private wealth platform, which has a 35-year track record and includes a range of evergreen fund solutions2. This includes the AMG Pantheon Fund, one of the largest registered private equity funds in the US with close to $2.4bn 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 liquidity3.
Victor Mayer, Managing Director at Pantheon and Portfolio Manager of PGPE, commented: “Pantheon continues to innovate to meet increasing demand from an array of private and institutional investors to access the best opportunities across private markets. PGPE offers a compelling solution that combines diversified access to US 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.”
He continued: “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.”
Susan Long McAndrews, Partner and Global Head of Business Development, said: “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. 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.”