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Pantheon makes raft of senior promotions

Toni Vainio was promoted partner of Pantheon's debt secondaries team, one of 23 investment team promotions.

Pantheon has made 23 promotions in its investment team, including one to partner for its debt secondaries business.

The alternatives manager has appointed London-based Toni Vainio to partner, according to a statement. He joined the firm in 2010 and focuses on the analysis and selection of debt secondaries fund investments. He also sits on Pantheon’s global credit committee.

San Francisco-based Bing Wong has been promoted to principal. He joined Pantheon in 2014, having been an investment associate with Paul Capital Partners, according to his LinkedIn profile.

The firm promoted 11 investment professionals to vice-president, including secondaries-focused Alexander Laird, Morten Lundin and Simon Greenway.

“We are proud that we continue to attract, retain and advance the careers of a diverse pool of talent across our firm,” said managing partner Paul Ward, in the statement. “Pantheon’s global workforce is 43 percent female while 42 percent of our senior team engaged in the day-to-day management and operation of Pantheon is also female.”

In March, Secondaries Investor reported that Pantheon was lead backer of a restructuring on Avenue Capital Group’s 2011-vintage Europe Special Situations Fund II, a $450 million deal.

“[The debt secondaries market] already exhibits the characteristics of the more mature private equity and infrastructure secondary markets, notably a shift from heavily LP-led to including more GP-led processes,” partner Francesco di Valmarana told sister publication Private Equity International last year.

The firm has been in market since December 2017 targeting $2 billion for Pantheon Global Secondary Fund VI, its flagship private equity secondaries fund, according to Secondaries Investor data.