Pantheon bulks up with two global office openings

The firm’s private wealth platform has almost $6bn in assets under management.

Pantheon, the 10th-biggest secondaries firm according to the SI 50 ranking, has launched offices in Singapore and Geneva to accelerate its private wealth platform.

The two offices bring Pantheon’s global total to 12, including four in the Asia-Pacific region.

Brian Lim, partner and head of Asia and emerging markets at Pantheon, will lead the Singapore bureau, according to a statement. The firm’s Geneva foothold, which is intended to help access more institutional and private wealth clients in continental Europe, will be led by Carlos Arias, a principal in the European investor relations team.

Pantheon’s private wealth platform has $5.8 billion of assets under management, according to the statement. This includes its US-based AMG Pantheon Fund, which had amassed $2.29 billion as of 31 July.

Dedicated private wealth units are expected to become the norm for GPs, according to affiliate title Private Equity International’s Private Fund Leaders Survey 2023. Besides the large opportunity set, this trend is in part due to rising demand for private markets among this investor base more broadly, occurring as fundraising from other avenues has become more challenging.