Pantheon expands wealth offering with launch of open-ended private equity fund
The fund is the latest addition to Pantheon's $7bn global private wealth platform, which offers a range of evergreen fund solutions, including the $2.4bn AMG Pantheon fund: Credit: iStock
The Pantheon Global Private Equity Fund (PGPE), which will soon become available to investors in over 20 countries outside of the US, will offer exposure to the firm's deal flow in secondaries and co-investments through a single investment, with a focus on the mid-market.
Unlike traditional private equity funds, which require investment assets of at least $5m, the fund offers monthly subscriptions starting from $25,000 and includes a quarterly liquidity mechanism.
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The fund is the latest addition to Pantheon's $7bn global private wealth platform, which offers a range of evergreen fund solutions, including the $2.4bn AMG Pantheon fund.
Managing director at Pantheon and manager of PGPE Victor Mayer said the fund combined diversified access to US and European mid-market private equity and «immediate participation» to achieve a target allocation through a single investment, without high investment minimums and long capital lock-ups.
«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,» he said.
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Susan Long McAndrews, global head of business development, added: «We are excited to bring Pantheon's specialist expertise to
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