
Pantheon wins BVK mandate
Funds-of-funds manager Pantheon has established a new global private equity programme alongside Bayerische Versorgungskammer (BVK), Germany’s largest public pension group.
The venture will see the creation of a stand-alone account managed by Pantheon, which will invest primarily in buyout, growth equity and venture capital funds in the US, Europe, Australia as well as in Asia, Latin America and Africa. It will also invest in secondary and co-investment opportunities globally.
Pantheon has worked with BVK since 2007. Following the new agreement, Pantheon will work alongside BVK's alternative investment team to invest the pension fund's private equity allocation.
The new venture with Pantheon is part of BVK's strategy to reduce the number of relationships it has with managers and grant larger mandates to core managers for the 2014-2017 investment period.
Chris Meads is Pantheon's chief investment officer. Anslem Wagner is head of equity and alternative investments at BVK.
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