Pantheon’s listed FoF invests £11.5m in two secondaries deals

The London-listed fund of funds has invested in 11 secondaries transactions in the nine months up to 31 March.

Pantheon’s London-listed fund of fund Pantheon International Participations (PIP) invested £11.5 million ($17.5 million; €15.4 million) in two secondary investments in March, according to its latest monthly performance update.

PIP paid £9.6 million for a portfolio of funds that was 46 percent funded and invested £1.9 million in a US medium-sized buyout fund interest that was 92 percent funded.

In the nine months up to 31 March PIP has closed 11 secondaries investments totalling £98 million in European and US buyout funds. On average the fund interests were 71 percent funded. 

PIP’s net asset value per share was £15.78 as of 31 March, which represents a 4.3 percent increase from the NAV per share as of 28 February.