Global private equity fund-of-funds manager Pantheon submitted a filing to the Securities and Exchange Commission on October 2nd announcing it has raised US$150 million for its second infrastructure fund, the Pantheon Global Infrastructure Fund II.
We had reported back in June that the fund had raised close to $1 billion. However, this information coming from media reports at the time has proven not to be real.
Pantheon's latest infrastructure fund will be focused on making secondary investments in the infrastructure sector.
Pantheon, which has US$28.8 billion under management, has an infrastructure team of eight professionals based in the U.S., Europe and Asia. Its infrastructure funds primarily focus on the development markets, but also consider selective investments in developing economies, according to Pantheon's website.
Last year the firm hired Andrea Echberg from Société Générale as partner and head of European infrastructure investments. Its infrastructure team is headed by Kathryn Leaf Wilmes, who joined Pantheon in in 2008.
Earlier this year Orange County Employees Retirement System picked Pantheon to manage its fund of funds programme. The pension system proposed commitments of between $50 million and $100 million annually toPantheon for 2014, 2015 and 2016 vintage years.
We also confirmed in May that Sacramento County's public pension had partnered with Pantheon to buy infrastructure assets from the secondary market. The $7.5 billion public pension fund plans to invest $100 million through the partnership over the next three years as a "base case."