Pantheon has held a closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totaling $3.25 billion.
Total aggregate fundraising substantially exceeded the initial target of $2 billion and marks Pantheon’s largest-ever raise for a private equity secondaries program, reflecting growing interest in the strategy over recent years, and especially in the current market environment, with continued demand for liquidity from both investors and fund managers driving increased deal flow and attractive pricing for secondaries investors.
PGSF VII follows Pantheon’s established secondaries strategy and builds on the firm’s pioneering track record in the segment, dating back to the firm’s first private equity secondaries investments in 1988. Like its predecessor vehicles, the program invests in a blend of both traditional LP stake secondaries and the growing range of G