A pioneer of the secondary market, Pantheon has been providing tailored liquidity solutions to private equity investors since 1988.

For two decades, Pantheon has built a record as a global leader with deep local market penetration and access to desirable secondary partnership opportunities. Our global secondary team collaborates with Pantheon's primary teams to leverage relationships and resources and uniquely position the firm to identify attractive investment opportunities.

Secondary transactions are an established means to proactively manage and achieve liquidity in private equity investments. Actively managing private equity fund assets can deliver a number of benefits, including obtaining early liquidity for long-term and relatively illiquid assets, reducing the managerial burden associated with a relatively small pool of assets, assisting with asset reallocation, and rebalancing of exposure.

Many investment institutions have turned to the secondary market to achieve liquidity for some or all of their private equity assets. These include banks, insurance companies, asset management groups, corporate pension funds, and individual investors.

Transaction Types
The secondary team draws on its knowledge of local private equity markets and the firm's global resources to analyze and execute a full range of secondary transactions.

Secondaries cover a wide range of transaction and asset types. These may include:

• Portfolios of fund interests
• Secondary directs and orphan assets
• Portfolios of combined fund and direct interests
• Tail-end funds
• General partner team spin-outs from a parent organization