LONDON, April 23 — Pantheon, a leading global private markets investor, today announced the regulatory approval for the Pantheon Global Infrastructure Secondaries Fund (“PGIS”). Domiciled in Luxembourg, the evergreen fund represents a significant milestone in Pantheon’s private wealth strategy and the expansion of the firm’s evergreen offering. The launch of PGIS now cements Pantheon’s global evergreen offerings across private equity, private credit secondaries, and infrastructure secondaries and complements its existing international evergreen suite alongside Pantheon Global Private Equity (PGPE), and Pantheon Global Credit Secondaries Fund (PGCS).
PGIS aims to comprise a high-conviction portfolio and is designed to provide professional investors with access to a diversified portfolio of global infrastructure secondaries assets, managed by the firm’s distinguished institutional infrastructure arm. Jérôme Duthu-Bengtzon, Partner and Portfolio Manager of PGIS, said, “The new fund will aim to combine the benefits of infrastructure investments, including the potential for capital appreciation, yield, lower volatility, and portfolio diversification, with the added advantages of secondaries, which can offer greater risk mitigation, diversification, shorter investment durations, and more immediate distributions compared to traditional infrastructure investments.”4
The launch of PGIS reflects growing demand for Pantheon’s global infrastructure strategy and in particular its concentrated focus and established expertise in infrastructure secondaries, which have come more into focus in the current market environment amid heightened demand for liquidity from both investors and fund managers.
PGIS sources expertise from Pantheon’s private infrastructure secondaries strategy
Pantheon has been investing in private markets secondaries since 1988 and was one of the first fund managers globally to recognize the potential of infrastructure secondaries, raising its first fund including the strategy in 2010. Since then, the firm has raised four infrastructure funds with an increasing focus on secondaries,5 completing its largest ever infrastructure program fundraise in 2024 with commitments totaling $5.3bn, and now manages $26.9 billion6 in total discretionary assets under management in infrastructure globally.
Andrea Echberg, Global Head of Infrastructure, said, “As true infrastructure investors—not generalists—we’re scaling with precision to power the future of global infrastructure secondaries. Delivering this expertise to the private wealth market is the next step in our firm’s evolution. We are an infrastructure-first, secondaries investor, with 35 specialists managing one of the world’s largest dedicated platforms. We combine asset-level expertise with valuation discipline, focusing on digital, renewable, and next-generation infrastructure.”
Victor Mayer, Head of International in Pantheon’s Global Private Wealth team, added, “The launch of our infrastructure secondaries strategy marks a significant milestone for Pantheon’s evergreen platform. The fund launch is a strategic step in the careful build-out of a comprehensive offering now spanning private equity, private credit, and private infrastructure across our global product suite. This reinforces our commitment to providing clients and allocators worldwide with differentiated access to compelling mid-market secondary and co-investment opportunities across Pantheon’s global investment capabilities.”
