Global private markets investor Pantheon has closed its largest-ever secondaries-focused infrastructure fund with $5.3bn (€5.9bn) in commitments.
The manager said the Pantheon Global Infrastructure Fund IV and associated vehicles (PGIF IV), received capital commitments from a range of investors across Asia, North America, Europe and the Middle East. PGIF IV, who’s backers include pension funds, insurers, endowments and family offices, also received inflows from Pantheon’s global private wealth platform.
As previously reported, the Ventura County Employees’ Retirement Association approved a $25m commitment to PGIF IV. The Illinois State Universities Retirement System also made a $100m commitment to a global investment fund that will target digital, power, utilities, transportation, renewables and social infrastructure assets.
Andrea Echberg, partner and global head of infrastructure at Pantheon, said: “We are excited to continue deploying into one of the most robust market environments we have ever seen, with heightened liquidity needs driving increased secondaries deal flow and discounts for high-quality portfolios and assets.
”Pantheon has a current pipeline of more than $12bn in infrastructure secondaries, enabling us to be highly selective in executing on compelling opportunities that we believe will deliver strong risk adjusted-returns to our investors.”
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