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Pantheon reels in over $1bn for Global Secondary Fund V

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Global private equity investor Pantheon has reeled in over $1bn in commitments for its fifth secondaries fund, AltAssets can reveal.

Pantheon Global Secondary Fund V has landed $1.11bn from 22 LPs according to a filing with the US Securities and Exchange Commission.

The target of fund is not clear from the filing but the vehicle is reported looking to close on around $2.5bn, according to Preqin.

Its previous secondaries vehicle closed on $3bn in 2010 falling sort of its initial target of $3.5bn.

Fund IV was still significantly larger than its predecessor, Pantheon Global Secondary Fund III, which brought in $2bn in 2006. That was $500m more than its target and over double of Fund II.

Established in 1987, Pantheon has over $6bn in secondary assets under management.

The London-headquartered firm reportedly completed the exit of two IK investment partners’ funds.

Last December Pantheon sold its stake in Industri Kapital 2004 to Strategic Partners and completed the exit from Industri Kapital 2007.

Copyright © 2015 AltAssets

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