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Finnish pension chooses Pantheon to run 100 mln euros custom account

The Finnish State Pension Fund has tapped Pantheon to run a 100 million euros customized private equity account focusing on emerging markets. The account is set to be committed over the next three to four years in private equity buyout and growth funds across Asia and the emerging markets.

Press Release

Pantheon, a leading global private equity fund investor, today announced it has been awarded and has closed a customised private equity mandate covering the emerging markets established by Valtion Eläkerahasto (“VER”), the Finnish State Pension Fund.

The €100 million customised strategy, which will be managed by Pantheon, will be committed over the next three-to-four years to a diversified portfolio of primary private equity buyout and growth funds across Asia and the emerging markets.

Commenting on the new mandate, Brian Lim, Head of Pantheon’s Emerging Markets investment programme, says: “We are delighted that VER has chosen to work with Pantheon on its inaugural emerging markets private equity investment mandate. We will now focus on the potential for outstanding investment performance across Asia and emerging markets, and look forward to working with the VER team.”

Maarit Säynevirta, responsible for alternative investments at VER, comments: “We launched a broad global public tender for this mandate in 2013 and this is the first time we elected to choose a manager for a separate account. As a result of the public tender, Pantheon was selected to manage a customised emerging market private equity programme. We are very satisfied with the result because of Pantheon’s investment expertise and reach, long-standing presence in Asia and the emerging markets and its dedication to responsible investment.”


Pantheon is a leading global private equity fund investor that invests on behalf of over 400
institutional investors, including public and private pension plans, insurance companies,
endowments and foundations. Founded over 30 years ago, Pantheon has developed an
established reputation in primary and secondary private asset solutions across all stages and
geographies. Our investment solutions include customised separate account programmes,
regional primary fund programmes, secondaries, co-investment and infrastructure programmes.
As at June 30, 2014, Pantheon had over $32.2 billion assets under management* and we
currently have 197 employees, including 72 investment professionals, located across offices in
London, San Francisco, New York, Hong Kong, Seoul and Bogotá.

In September 2014, Pantheon was ranked first among the largest and most influential investors in Europe by Dow Jones’ Private Equity News. Pantheon took first place among Europe’s top 25 private equity investors in this annual compilation. The compilation takes into consideration feedback from some of the private equity industry’s most well-respected chief executives, placement agents and investor relations executives as well as data from Preqin.

* This figure includes assets subject to discretionary or non-discretionary management, advice or those limited to a reporting function.

This press release is not an offer of securities for sale in the United States. Securities may
not be offered or sold in the United States absent registration or an exemption from

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The State Pension Fund (VER) is an off-budget state fund, established in 1990. Finnish state
uses VER to prepare for the financing of future pension liabilities and the balancing of pension
costs. VER is an investment organisation that manages and invests assets allocated to it. At the
end of September 2014, the market value of VER’s investment portfolio was 17.4 billion euros
and of which 9.1 per cent was invested in alternative investments. Allocation to Private Equity
investments was 1,4 per cent.