• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • Funds

Pantheon Global Secondary Fund VI to close in 2020

  • Katharine Hidalgo
  • Katharine Hidalgo
  • 20 January 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Pantheon's latest vehicle, Global Secondary Fund VI, is expected to hold a final close in 2020, Unquote understands.

The fund held a first close in 2019 and is on track to reach its $2bn target across the Global Secondary VI investment platform. This includes raised capital in the institutional fund, other investing entities, and listed investment vehicles. The fund had raised $444m from a US-based feeder vehicle by April 2019, according to an SEC filing.

LPs include existing Pantheon investors London Borough of Croydon Pension Fund, Cheshire County Council Pension Fund (with a commitment of $16m), and the Strathclyde Pension Fund (with a commitment of £75.5m), according to Unquote Data. The vehicle is expected to benefit from the participation of several existing LPs.

Pantheon Global Secondary Fund V closed on $3.5bn in May 2016 and was 67% deployed as of April 2019. LPs in the fund include the Greater Manchester Pension Fund, Suffolk County Council Pension Fund and Warburg Invest.

While the new fund has a global focus, it will mostly invest in Europe and North America. The fund will also prioritise GP-led transactions more than the firm has done previously. Fund VI invested in the restructuring of Lyceum Capital III in 2018, which also saw Idinvest, Lombard Odier and HQ Capital invest.

Secondaries frenzy

The secondaries fundraising market has been frothy in recent weeks, culminating in Lexington Partners closing its Lexington Capital Partners IX fund on $14bn. The fund was announced in February 2018 with a $12bn target. It held a first close on $10bn in May 2019 and an interim close on $11.7bn in October 2019. The $14bn close makes it the largest secondaries fund globally.

Other closes have included Hollyport Secondary Opportunities VII, which launched in January 2019 with a target of $750m and closed this month on $1bn. Five Arrows Secondary Opportunities V also held a final close on €1bn following its announcement in March 2019.

Secondaries investors are expected to amass more dry powder this year; Coller International Partners VIII is currently raising towards a $9bn target following an interim close on $4.9bn this month. Hamilton Lane is raising for its Secondary Fund V, which has a target of $3bn.

But it is Ardian that could be vying for the crown of largest player worldwide – the firm launched ASF VIII in July 2018 with a target of $12bn. As of January 2019, the fund had collected $9bn, and press reports have floated the possibility of the target being stretched closer to the $18bn mark.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Funds
  • Secondaries
  • UK / Ireland
  • United Kingdom
  • Secondaries
  • Exclusive
  • Pantheon
  • Horizon Capital (formerly Lyceum Capital)

More on Funds

Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • Funds
  • 05 September 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • Funds
  • 31 August 2023
Iron Wolf Capital targets EUR 70m for second vehicle
Iron Wolf Capital targets EUR 70m for second vehicle

Baltic investor anticipates early 2024 launch and will focus on early-stage AI and deeptech startups

  • Funds
  • 30 August 2023
Siena aims to hold new VC secondaries fund first close in late 2023 or early 2024
Siena aims to hold new VC secondaries fund first close in late 2023 or early 2024

Secondary investments specialist will target EUR 30m to EUR 50m for new fund

  • Funds
  • 29 August 2023

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013