Asset allocation has a significant impact on investment performance and has always been a fundamental element of Pantheon's investment strategy.

Our systematic asset allocation process identifies and targets successful market segments and investment themes of the future while applying appropriate levels of diversification. Pantheon's asset allocation is based on proprietary research and a deep understanding of market trends.

Pantheon applies top-down target allocations to our investment vehicles to maintain performance and manage risk. This top-down analysis includes research on the overall economy, industry sectors, and the different segments of private equity, such as venture capital markets or distressed securities.

Pantheon's International Investment Committee of senior and experienced investment professionals, develops and approves investment strategy.

Pantheon's diversification strategy limits portfolio risk at multiple levels:

Fund Stage
Includes leveraged buyouts, early-stage or later-stage venture capital, and special situations, such as distressed debt, turnaround, and mezzanine funds.

Geography
Identifies and invests in multiple regions for primary funds and globally for secondary funds.

Vintage Year
Avoids over-committing capital during any single period and spreads risk across market cycles, including entry and exit valuations.

Manager
Our approach is to access top-tier managers across different market segments with different investment styles and strategies.

Industry Sector
Targets core sectors of the U.S., European and Asian markets, while avoiding concentration in any individual industry sector within the underlying portfolios.