Pantheon collects $1.1bn for fifth secondaries fund

Pantheon Global Secondary Fund V has a $2.5bn target.

Pantheon Ventures has collected $1.12 billion for its fifth global secondaries fund, according to documents filed with the US Securities and Exchange Commission on Wednesday.

Pantheon Global Secondary Fund V launched in 2013 with a $2.5 billion target, according to PEI’s Research and Analytics division. Limited partners in the fund include US pension Ventura County Employees Retirement Association.

Pantheon did not return a request to comment by press time.

The fund of funds manager’s fourth dedicated secondaries fund closed on $3 billion. The firm began marketing the fund in 2008 and missed its $3.75 billion target.  The fund also includes a $300 million separate account with the Ohio Public Employees’ Retirement System.

Other known LPs are insurance company The Hartford and the Public School and Education Employee Retirement Systems of Missouri.