Infrastructure Investment

Pantheon has a long history of investing in infrastructure assets through our private equity managers. Our infrastructure programme provides incremental diversification through a multi-strategy approach which combines exposure to secondaries, co-investments and primaries.

As a pioneer of the private equity fund of funds market, Pantheon has a proven history in selecting high quality private equity managers as well as completing secondary transactions and co-investments. The infrastructure team is able to apply this expertise in this evolving asset class.

Our People 
Pantheon has a global infrastructure investment team of eight professionals based in the U.S, Europe and Asia, combining over 115 years of investment experience. The team includes dedicated infrastructure experts who combine considerable experience in infrastructure both at a fund and direct level. 

Our strategy

The strategy for Pantheon’s infrastructure programme is focused on secondaries and co-investment with the aim of generating superior returns with strong downside protection.  As for our private equity funds, diversification is a key component to Pantheon’s approach to building portfolios of infrastructure investments. We diversify by:

> Investment Type

Pantheon’s strategy targets secondary investments and select co-investment opportunities, offering the potential to diversify investments into prior vintage years and select the best co-investment opportunities in the current market. This strategy is supplemented by the selective commitment to primary fund interests on a strategic basis.

> Manager

We focus on managers with a range of investment styles and strategies. In addition to Core Plus managers that apply a value enhancement or activist investment approach, we also target Core managers by targeting a combination of managers, Pantheon aims to create an attractive mix of yield and growth opportunity.

> Industry Sector
We target a range of industry sectors including but not limited to energy, transport, communication, water and social infrastructure.

> Vintage Year
We spread risk across market cycles in order to avoid over-committing capital in periods when asset valuations are high. Our capital is usually committed over 3-4 years, and the funds in which we invest commit their capital over 3-6 years.

> Asset Stage
We are primarily focused on opportunities in mature operating assets and existing assets with refurbishment needs (“brownfield”).

> Geography
We are primarily focused on the developed infrastructure markets where investment opportunities should continue to arise from underinvestment in infrastructure, ongoing privatisation by governments and opportunities coming from the private sector. In addition, we will consider selective investments in developing markets.
 
Key Facts
> US$28.8 billion in assets
    under management*

> 29 Partners**
> 71 Investment Professionals**
> 190 Staff**
  * As at 31st Dec 2013 
** As at 1st Apr 2014

Conferences and Events

London Business School’s Private Equity Speaker Series
22nd April 2014
London, UK
Speaker
Helen Steers, Partner
 

Brochure

Pantheon_Brochure_increased

-
+
5