Leading fund of funds manager and gatekeeper Pantheon Ventures has parted company with Richard Bowley, its London-based chief executive officer and a member of the buyout team that acquired the firm from GT Management in 1988. Bowley first joined Pantheon in 1986.
As a member of the firm’s international investment committee, Bowley was responsible for business strategy and co-ordinating operations in Europe, Asia, the Americas and Africa. Alongside Rhoddy Swire, the group's founder and chairman, and Carol Kennedy, chief strategist and research officer, he was among the firm’s most senior executives. A successor has not been announced yet.
Clients have been told the parting of ways took place amicably, prompted by Bowley’s desire for a change of lifestyle and a new professional challenge after 16 years with the firm. The 42 year old is understood to be selling part of his equity interest in the management company back to Pantheon, whilst remaining a significant minority shareholder.
With over $5bn under management, Pantheon is one of the leading fund of funds operators and investment consultants in the world, with relationships to over 500 general partnerships.
The companies continues to grow its franchise globally and recently added the UK Post Office and Nottingham County Council to its European client list.