Pantheon extends European activities

The private equity FoF manager has recruited in Brussels and has concluded a joint venture investment agreement with Crédit Agricole Asset Management.

UK-headquartered Pantheon Ventures, the private equity funds-of-funds manager, continues to grow its activities in Europe.

The firm has announced it has recruited Daniela Konrath as a senior investment professional to its Brussels team. It has also concluded an agreement with investment client Crédit Agricole Asset Management (CAAM), whereby CAAM's new €110.5m fund, the Green Way Private Equity Europe fund, will invest alongside other Pantheon funds.

Pantheon’s Brussels office is now two years old and the recent appointment of Konrath as a senior investment professional there is seen as an important step to extend the firm's dedicated European primary investment team. The company says that Konrath, who was previously with NIB Capital and Alpinvest in the Netherlands, will be responsible for researching primary fund investment opportunities in Continental Europe. 

As the firm continues to win mandates from European investors, so it was able to report that in May that one such client, Crédit Agricole Asset Management (CAAM), announced the final close of its Green Way Private Equity Europe fund at €110.5m. Under a joint venture agreement with Pantheon, CAAM will invest the fund in parallel with other Pantheon client capital within the private equity group’s European primary fund investment programme, expected to total up to €1 billion a year.

Worldwide, Pantheon currently employs 56 people, including 34 investment professionals, operating from offices in London, San Francisco and Hong Kong as well as Brussels. The firms' worldwide client list of some 100 institutions now includes more than 40 major European investors.