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Laxman Pai, Opalesque Asia: Pantheon, a pioneer in private equity secondaries, announced the successful closing of Pantheon Global Secondaries Fund VII (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totaling $3.25bn, $1.25 billion above its target.
PGSF VII is the fifth-largest secondaries fund to close this year and the second-largest from a Europe-headquartered fund.
Total aggregate fundraising substantially exceeded the initial target of $2.0bn and marks Pantheon's largest-ever raise for a private equity secondaries program, reflecting the growing interest in the strategy over recent years - and especially in the current market environment, with continued demand for liquidity from both investors and fund managers driving increased deal flow and attractive pricing for secondaries investors.
The private equity-focused fund, which will invest in both traditional LP stake secondaries and GP-led secondaries transactions, attracted commitments from institutional investors as well as what Pantheon describes as "significant inflows" from private wealth clients.
"Pantheon's deep expertise in private equity secondaries attracted investments from a wide range of new and existing clients. Notably, the firm's private wealth platform drove significant inflows, including commitments from the AMG Pantheon Fund, as well as several commitments to the core commingled fund and parallel investment vehicles from wealth...................... To view our full article Click here
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