Global private markets investor Pantheon has achieved a milestone by finalising its Pantheon Global Infrastructure Fund IV and associated vehicles (PGIF IV) with a record-breaking $5.3 billion in commitments.
This successful fundraiser represents Pantheon’s largest-ever fundraising effort and underscores the growing demand for the firm’s global infrastructure strategy.
Pantheon’s remarkable fundraising success is attributed to its focused expertise in infrastructure secondaries, which have increased prominence in the current market environment due to heightened demand for liquidity from investors and fund managers alike.
PGIF IV’s accomplishment follows the momentum experienced by Pantheon’s secondary investment programs. In November 2023, the firm secured its largest-ever private equity secondaries fundraising of $3.25 billion for Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII).
The commitments for PGIF IV came from investors spanning Asia, North America, Europe and the Middle East. The roster includes institutional investors such as public and corporate pension plans, insurers, endowments and family offices. Additionally, investments flowed in from Pantheon’s expanding global private wealth platform.
Andrea Echberg, partner and global head of infrastructure at Pantheon, commented: “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.”
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