Pantheon Awarded Ninth Private Equity Mandate by Bayerische Versorgungkammer (BVK)
31 July 2024 - 8:00AM
Business Wire
- BVK, Germany’s largest pension fund, has committed to nine
Pantheon programs covering European, global and US private equity
since relationship started in 2007
- Latest program is the third of its kind focused on providing
capital to fund ongoing growth of small and mid-sized companies in
the US, through primary fund commitments and complementary
co-investments
- Pantheon is recognized for its deep expertise and specialist
capabilities in mid-market private equity, which it will harness to
help build a secure financial future for BVK’s pension
constituents
Pantheon, a leading specialist global private markets investor,
has continued to build on its near-two decade relationship with
Bayerische Versorgungkammer (BVK), Germany’s largest pension fund,
having been awarded a new private equity mandate.
BVK’s relationship with Pantheon dates back to 2007 and includes
investments across nine commingled funds and separate accounts
covering European, global and US private equity. This latest
mandate is the third of its kind focused on providing capital to
support the ongoing growth of small and mid-sized private companies
in the US, through primary commitments and complementary
co-investments.
Pantheon has a 40-year track record of investing in private
equity and has been an active co-investor for the past 27 years,
with a conviction focus on the mid-market where Pantheon believes
there is enhanced potential for operational value creation.
Pantheon has more than $65bn in discretionary assets under
management across its asset classes and programs, and commits more
than $4bn annually across its private equity strategies.
BVK manages the pension assets on behalf of 12 occupational and
municipal pension schemes within the state of Bavaria, with a
combined €111.9bn ($119.7bn) in assets under management. Around one
in five households in Bavaria receives benefits from BVK.
Ralph Guenther, Partner and Head of Continental Europe
Investor Relations at Pantheon, commented: “We are grateful for
the continued trust placed in us by BVK to continue to help it
provide financial security to millions of pensioners across
Bavaria. Building on our 17-year working relationship across nine
programs, BVK’s latest mandate reflects our long-term partnership
approach and the strength of our specialized expertise in the
private equity mid-market.”
Hendrik Kott, Head of Equity and Alternative Investments at
BVK commented: “We are very pleased with the excellent working
relationship we have built with the Pantheon team over the last 17
years. Pantheon has become one of our key partners in private
equity, providing us with continuous access to attractive
investment opportunities in the less visible parts of the market,
where alignment of interest is the strongest between investors and
the smaller and medium-sized businesses they help to grow.”
Jeff Miller, Co-Head of Investment and Global Head of Private
Equity at Pantheon, added: “We’re proud to be working with BVK
to continue to back company owners and entrepreneurs across the US
to grow their businesses. In turn, this gives us the opportunity to
deliver strong risk-adjusted investment returns that will
contribute to building a secure financial future for the millions
of people BVK supports.”
About Pantheon
Pantheon* has been at the forefront of private markets investing
for more than 40 years, earning a reputation for providing
innovative solutions covering the full lifecycle of investments,
from primary fund commitments to co-investments and secondary
purchases, across private equity, real assets and private
credit.
We have partnered with more than 650 clients, including
institutional investors of all sizes as well as a growing number of
private wealth advisers and investors, with approximately $65bn in
discretionary assets under management (as of December 31,
2023).
Using creative approaches informed by our specialized experience
and delivered by a global team of professionals based in offices
across Europe, the Americas and Asia, we invest with purpose and
lead with expertise to build secure financial futures.
* Pantheon refers to the subsidiaries and subsidiary
undertakings of Pantheon Ventures Inc. and AMG Plymouth UK Holdings
Limited and includes operating entities principally based in the US
(San Francisco and New York), UK (London), Hong Kong, Guernsey,
Tokyo, Dublin and Singapore. Pantheon Ventures Inc. and Pantheon
Ventures (US) LP are registered as investment advisors with the
U.S. Securities and Exchange Commission (“SEC”); Pantheon
Securities, LLC is a broker dealer registered with the SEC and is a
member of the Financial Industry Regulatory Authority (“FINRA”).
Pantheon Ventures (UK) LLP is authorized and regulated by the
Financial Conduct Authority (“FCA”) in the United Kingdom. Pantheon
Ventures (Guernsey) Ltd and a number of other Pantheon entities
incorporated in Guernsey are regulated by the Guernsey Financial
Services Commission. Pantheon Ventures (Asia) Limited is registered
as a Type II Financial Instruments Business and Investment Advisory
and Agency Business Operator with the Kanto Local Finance Bureau in
Japan (KLFB). Pantheon Ventures (Ireland) DAC is regulated by the
Central Bank of Ireland (“CBI”) and is an appointed representative
of Pantheon Ventures (UK) LLP in respect of activities carried out
in the United Kingdom. Pantheon Ventures (Singapore) Pte. Ltd holds
a capital markets service licence from the Monetary Authority of
Singapore (“MAS”) to conduct fund management with accredited and
institutional investors.
The AMG Pantheon Funds are distributed by AMG Distributors,
Inc., a member of FINRA/SIPC.
This press release is not an offer of securities for sale.
Securities may not be offered or sold in the United States absent
registration or an exemption from registration. © 2024
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240729199080/en/
Pantheon Brett Perryman, Global Head of Marketing and
Communications Tel: +1 212 205 2038 | C: +1 917 703 3071 | Email:
Brett.Perryman@Pantheon.com