Pantheon promotes secondaries principal to partner

The $55.6bn asset manager is investing Pantheon Global Secondary Fund VI and related separate accounts, which raised $2.2bn by final close in June.

Pantheon has made four top-level promotions, including one in its secondaries investment team.

The alternatives manager has promoted London-based Petra Bukovec to partner, according to a statement. She has been a member of the global secondaries team since joining Pantheon in 2006 and is responsible for analysing, evaluating and completing transactions.

The firm also appointed partner Rakesh Jain to its international investment committee. Jain is global head of private credit, which includes for the firm’s debt secondaries business.

Pantheon made 68 promotions in total, including 29 in its investment team, the statement noted.

“I am particularly proud of the way in which my global colleagues have responded to the challenges and personal stress presented by the pandemic, collaborating closely and supporting one another to ensure that we continue to deliver the service and meet the expectations that our clients and partners expect and need,” managing partner Paul Ward said in the statement.

Pantheon raised $2.2 billion for Global Secondary Fund VI and related separately managed accounts by final close in June. Investors include Strathclyde Pension Fund, which committed £75.5 million ($103.4 million; €85.1 million), and Ventura County Employees Retirement Association, which committed $25 million, according to Secondaries Investor data.

The vehicle targets concentrated positions in high-quality and mature funds where Pantheon has an information and access advantage, Secondaries Investor noted in June.

Deals it has backed in recent months include a €200 million GP-led process on a fund managed by European life sciences manager Medicxi and the restructuring of several growth and venture capital vehicles managed by Idinvest Partners, as Secondaries Investor has reported.

The firm has $55.6 billion in assets under management across private equity, secondaries, infrastructure, real assets and credit, according to the statement.