Pantheon International Participations (PIP), the quoted fund of fund group, has appointed Intermediate Capital Group’s Tom Bartlam as its new chairman.
PIP, which was the first private equity fund of funds group to be listed on the London Stock Exchange, has been managed by Pantheon Ventures since its establishment in 1987.
Bartlam replaces Ewen Macpherson, who has stepped down from the chairmanship after suffering bereavement. In a statement, Macpherson said: “Unexpected changes in family circumstances mean that I am no longer able to devote as much time as I would want to my responsibilities at PIP. It is with regret that I step down and I wish the company well for the future.”
Macpherson retired as chief executive of 3i in July 1997 and has since held numerous board positions at the likes of Merrill Lynch New Energy Technology, Foreign and Colonial Investment Trust and Glaxo Smithkline Pension Fund.
A statement from PIP said its board of directors had voted unanimously to appoint Bartlam, who joined the PIP board in June 2003, as chairman with immediate effect. The firm’s other board members are Pantheon founder and senior partner Rhoderick Swire, Richard Crowder, Peter Readman and Alexander Thomson.
Bartlam founded London-listed Intermediate Capital Group in 1989, having previously been a director of corporate finance and private equity at Charterhouse Bank.
PIP operates a global private equity fund of funds programme based on strategic allocations recommended by Pantheon. Its portfolio has been built through primary investments and secondary interests as well as the occasional acquisition of direct holdings in unquoted companies.