Insight

Pantheon wraps up fourth secondaries-focused infrastructure fund at $5.3bn

PGIF IV's investors include public and corporate pension plans, insurers, endowments and family offices.

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  • The fund-closing comes two months after Pantheon closed its third global secondaries fund at $3.25 billion in November 2023
  • Pantheon has invested about $7.6 billion in the infrastructure secondaries space since 2013
  • Headquartered in London, Pantheon has approximately $62 billion in assets under management, as of June 30, 2023

Pantheon has closed its fourth secondaries-focused infrastructure fund at $5.3 billion.

PGIF IV’s investors include public and corporate pension plans, insurers, endowments and family offices.

The fund-closing comes two months after Pantheon closed its third global secondaries fund at $3.25 billion in November 2023.

On the closing of PGIF IV, Andrea Echberg, a partner and global head of infrastructure at Pantheon, said in a statement, “We are delighted to have raised our largest-ever program and grateful for the growing interest and support from our investors around the world. 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 invested about $7.6 billion in the infrastructure secondaries space since 2013. Pantheon launched its first dedicated fund focused on this area in 2018.

Headquartered in London, Pantheon has approximately $62 billion in assets under management, as of June 30, 2023.