Secondary Vendors
Secondary Vendors
Provider of Custom Liquidity Strategies
A pioneer in the secondary market, Pantheon has provided tailored liquidity solutions to private equity investors since 1988.

In an increasingly sophisticated market, Pantheon uses innovative strategies and its broad knowledge of secondary markets to meet the needs of vendors, including:
  • Portfolios of fund interests invested in buyout, mezzanine, and venture assets
  • Portfolios of fund interests invested in "secondary directs" and "orphan" assets
  • Portfolios of combined fund and direct interests
  • Tail-end" funds
  • General partner team "spin-outs" from a parent company
Our investment professionals often have embedded information on assets for sale in the secondary market due to our position as an existing investor in the fund, investment in a portfolio company through another fund, or previous contact with a manager.

Pantheon Strategies

Pantheon investment professionals help vendors with:
  • Cash for relatively illiquid assets
  • Early liquidity for long-term investments
  • Reduced managerial burden associated with a relatively small pool of assets
  • Asset reallocation and rebalancing
  • A more liquid way of holding private equity assets
Providing Speed and Ease of Execution for Sellers
Our access to proprietary information provides rapid and reliable pricing information that speeds execution.

Preferred Buyer
Because of Pantheon' extensive primary capabilities, we are often viewed by many sellers and fund managers as a preferred buyer who can quickly and easily execute a transaction and potentially be a source of capital for the fund manager.

Discretion and Confidentiality
Pantheon respects the confidentiality of the vendor and the underlying partnership assets.

Global Transaction Capability
Pantheon's regional primary investment teams expertise augments global secondary capabilities. The secondary team draws on this expertise to value underlying fund interests. We understand the cultural and business sensitivities and languages of most vendors and investors. Pantheon's secondary investment activities focus on the largest and most mature private equity markets of Europe, the U.S., and emerging Asian markets.

Ample Ongoing Capital
With Untitled US$22.6 billion currently under management, Pantheon has ample capital to execute secondary transactions.

Flexible, Innovative Deal Structures
Pantheon is a leader in acquiring other non-traditional secondary private assets, such as direct company interests and corporate venture portfolios. We can meet the needs of vendors across different legal, tax, accounting, and investment jurisdictions worldwide. Our solutions combine cash and quoted paper and offer flexible vendor payment structures, including staged payments and earn-outs.

In certain instances, we can structure portfolio transactions and speed portfolio purchases by using Pantheon International Participations (PIP), the first global private equity fund of funds to be listed on the London Stock Exchange.

Extensive Knowledge of Sellers and Transaction Types
Embedded knowledge of portfolios enhances Pantheon's ability to accurately assess and value portfolios. Using rigorous due diligence, we evaluate funds company-by-company to reduce risk. Bottom-up analysis determines companies that are critical to a portfolio's success and evaluates their potential value at the time of exit.

If you would like to talk with someone at Pantheon regarding selling private equity assets, please contact us.



  Untitled As of December 31, 2009



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