Pantheon Expands Evergreen Platform with Infrastructure Secondaries Fund Launch
Pantheon has secured regulatory approval for its Pantheon Global Infrastructure Secondaries Fund (PGIS), continuing its push into the private wealth channel and strengthening its footprint in the rapidly expanding evergreen secondaries space.
The Luxembourg-domiciled fund extends Pantheon’s evergreen platform into infrastructure secondaries, rounding out a product suite that now spans private equity, private credit secondaries, and infrastructure secondaries across global markets. With PGIS, the firm moves closer to offering a fully integrated, multi-asset evergreen solution tailored to the evolving needs of private wealth investors.
Completing a Global Evergreen Offering
PGIS complements Pantheon’s existing evergreen strategies, including:
Pantheon Global Private Equity (PGPE)
Pantheon Global Credit Secondaries Fund (PGCS)
Together, these vehicles form a $15 billion global evergreen platform, designed to provide semi-liquid access to private markets for professional investors.
The new fund is structured to deliver a high-conviction, diversified portfolio of global infrastructure secondaries assets, leveraging Pantheon’s institutional investment capabilities.
Jérôme Duthu-Bengtzon, Partner and Portfolio Manager of PGIS, emphasized the dual advantage of the strategy: combining the traditional benefits of infrastructure—such as stable yield, lower volatility, and capital appreciation—with the structural advantages of secondaries, including enhanced liquidity, shorter duration, and earlier cash distributions.
Scaling Infrastructure Secondaries Expertise
Pantheon’s move comes amid increasing demand for liquidity solutions across private markets, a dynamic that has accelerated the relevance of secondaries strategies—particularly within infrastructure.
The firm has been active in secondaries since 1988 and was an early mover in infrastructure secondaries, launching its first dedicated strategy in 2010. Since then, Pantheon has steadily expanded its capabilities:
Four infrastructure funds raised with growing secondaries exposure
$5.3 billion raised in its latest infrastructure program (2024)
$26.9 billion in infrastructure assets under management globally
Andrea Echberg, Global Head of Infrastructure at Pantheon, highlighted the firm’s specialist positioning, noting its focus on digital infrastructure, renewable energy, and next-generation assets, supported by a dedicated team of 35 infrastructure professionals.
A Strategic Push into Private Wealth
The launch of PGIS also reflects a broader industry shift: the institutionalization of private markets access for private wealth investors through evergreen structures.
Victor Mayer, Head of International for Pantheon’s Global Private Wealth division, described the fund as a “strategic step” in building a comprehensive global offering. The platform aims to provide differentiated access to mid-market secondary and co-investment opportunities, a segment increasingly sought after by wealth managers and individual allocators.
Secondary Scoop Takeaway
Pantheon’s latest launch underscores two structural trends shaping the secondaries market:
Infrastructure secondaries are moving into the mainstream, driven by liquidity needs and maturing asset portfolios.
Evergreen vehicles are becoming the preferred access point for private wealth, offering flexibility without sacrificing exposure to institutional-grade strategies.
As competition intensifies among global managers, Pantheon’s integrated, multi-asset evergreen platform positions it as a key player at the intersection of secondaries innovation and wealth democratization.
Source: https://www.pantheon.com/news/pantheon-expands-global-private-wealth-platform-with-infrastructure-secondaries-fund-launch/