Pantheon Passes $1 Billion AUM for US Private Wealth Fund

Pantheon, the leading global private markets investor, is delighted to announce that it has passed a significant milestone within its US private wealth division, with the AMG Pantheon Fund exceeding $1 billion in assets under management. It is just the third US registered private equity fund to reach this size.

The AMG Pantheon Fund has more than doubled its assets in the nine months since Pantheon announced it had passed $500 million in assets under management, reflecting growing demand from private wealth investors for access to global private equity investment solutions alongside an experienced partner with a broad range of private market capabilities.

Since launching in 2014, the fund has built a broad client base of more than 260 wealth management firms and 6,000 individual investors, offering unique exposure to a diversified private equity portfolio of leading fund managers and private companies, sourced by Pantheon’s global investment team. Specifically, and as of February 28, 2022, the fund’s portfolio comprised 142 unique investments alongside 80 fund managers, which are diversified across manager, vintage, geography, sector and stage. Over the past five years it has generated annualized returns of 15.6%, compared to 12.1% for the benchmark MSCI World index.

“We have established strong relationships across the US private wealth market, and are recognized for our collaborative, partnership-oriented approach to working with private wealth clients and platforms,” said Michael Hutten, Head of US Private Wealth. He became a Partner as part of Pantheon’s annual promotion round earlier this year.

Mr. Hutten continued, “Looking ahead, in addition to offering the AMG Pantheon Fund and providing access to our traditional limited partnership investments, we will focus on expanding our private evergreen products and customized solutions for sophisticated wealth management investors across asset classes, including private equity, private debt and private real estate.”

Pantheon was among the first in the industry to broaden access to private markets through targeted evergreen investment solutions. In addition to its US private wealth division, the firm manages two London Stock Exchange-listed Investment Trusts offering access to global private equity and private infrastructure portfolios: Pantheon International Plc, established in 1987, and Pantheon Infrastructure Plc, which completed an oversubscribed (~$525 million) IPO in November 2021.

“Broadening access to private markets investments is an important element of our business strategy, and Pantheon has been a global leader in developing a robust platform of products,” commented Susan Long McAndrews, Pantheon Partner, Head of Business Development and Portfolio Manager for the AMG Pantheon Fund.

Ms. McAndrews added, “Passing the $1 billion asset mark for the AMG Pantheon Fund reflects the quality of our investment product, as well as the strength of our US private wealth team in cultivating strong long-term relationships with financial advisors across the US. We look forward to expanding our presence in this important channel, and across our private wealth platform globally.”