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Haringey Council commits £20m to Pantheon’s latest secondaries fund

Pantheon Global Secondary Fund V is targeting $2.5bn and has been deployed across 11 deals.

The Haringey Council has approved a £20 million ($30 million; €27 million) commitment to Pantheon Global Secondary Fund V, according to documents from its March board meeting.

Pantheon Global Secondary Fund V is in market with a $2.5 billion target. It had collected $1.1 billion as of January. Other limited partners include the Ventura County Employees Retirement Association, which committed $50 million.

Fund V has been deployed across 11 deals as of 7 January. The deals give the fund significant exposure to younger-vintage private equity funds – about 43 percent of the investments are from 2009 to 2011-vintage years and an additional 40 percent are from 2011 onward.

The Haringey Council is the local pension scheme for the London Borough of Haringey. The pension allocates 3.8 percent of its total investments to private equity, as of October 2014, according to PEI’s Research and Analytics division. It has £961.7 million of assets under management.