FUNDRAISING NEWS | November 19, 2024
London-based private markets investor Pantheon is launching two evergreen funds focused on secondaries investments in private credit and private equity in a bid to meet “the complex needs of private wealth investors seeking diversified portfolios and access to exclusive market segments.”
AMG Pantheon Credit Solutions Fund (P-SECC) and Pantheon Global Private Equity Fund (PGPE) will offer investors access to the secondaries market in the US and Australia, respectively. P-SECC, first announced on October 10, will be anchored on core private credit secondaries diversified by manager, vintage year, firm, and sector in the US.
Similarly, PGPE is now offering a mid-market private equity equivalent in Australia under Pantheon Global Evergreen Mid-Market Secondaries (PGPE Feeder). Initially announced by the firm in a separate press release on November 13, PGPE was made available to investors from over 20 jurisdictions outside of the US. The PGPE Feeder fund will be distributed by Australian corporate advisory firm Longreach Capital Advisors.
Pantheon said that since launching its first dedicated private credit secondaries fund in 2018, it has committed approximately $6B across more than 130 investments related to PC secondaries, and has closed on over $8B in fundraised capital commitments from institutional and private investors. Meanwhile, the firm’s long-running private equity secondaries program has seen over $23B in commitments across more than 450 investments.
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