Pantheon closes $900m secondaries fund

Pantheon, now part of Russell, has closed its latest global secondaries fund on $900m. The fund raising for Pantheon Global Secondary Fund II (PGSF II) took less than nine months. Some 60 investors from the US, the UK, continental Europe, Scandinavia, Asia and Australia have committed to the fund.

Pantheon has been active in the secondaries market since 1987 when its launched Pantheon International Participations (PIP), a listed secondaries fund. Since then the firm has committed over $1.3bn to secondary investments worldwide completing over 500 fund purchases and 50 portfolio transactions.

PGSF II is the first fund raised by Pantheon since it became part of Russell Investment Group earlier this year.