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Laxman Pai, Opalesque Asia: Global private market investor Pantheon has completed its largest fundraise to date, securing $5.3 billion for its secondaries-focused infrastructure program, Pantheon Global Infrastructure Fund IV, and associated vehicles (PGIF IV).
PGIF IV's investors include public and corporate pension plans, insurers, endowments, and family offices, said a media release from the British private equity shop.
Investors in the fund include the State Universities Retirement System of Illinois; Tacoma (Wash.) Employees' Retirement System; Taiwan's Cathay Life Insurance; and Fubon Life Insurance of Taiwan.
"PGIF IV also builds on the growing momentum across Pantheon's secondaries investment programs, including its largest-ever private equity secondaries fundraise of $3.25bn for Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII) in November 2023," the release said.
According to the release, PGIF IV is Pantheon's latest flagship global infrastructure offering and this latest close continues the growth and evolution of the firm's wider real assets platform, which as of Q2 2023 had in excess of $20bn in discretionary assets under management across strategies dedicated to infrastructure and real assets, and real estate.
The flagship fund is currently 75% deployed, with more than 90% of capital committed to a broad range of LP portfolio and GP-initiated secondaries transactions, it said.
Andrea Echberg, Partner and Global He...................... To view our full article Click here
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