Pantheon said on Monday that it will team up with Sponsors for Educational Opportunity (SEO) in an initiative to increase hiring of minority applicants in private equity. As part of this initiative, Pantheon has offered a multi-year financial pledge to SEO. Pantheon has also committed to offer summer internships in its New York office to SEO program participants. And through participation in SEO events and workshops, Pantheon will seek to encourage more minority college undergraduates to become interested in careers in private equity. SEO is a nonprofit educational and career development organization that helps young people from underserved and underrepresented communities.
NEW YORK, May 20, 2013—Pantheon, a leading global private equity fund investor, today announced that it will partner with non-profit Sponsors for Educational Opportunity (SEO) in an initiative designed to both further advance minority hiring at the firm and increase the pool of minority candidates interested in careers in the private equity industry.
Pantheon has made a multi-year financial pledge as well as a commitment to offer summer internships in its New York office to SEO program participants. In addition, through active participation in SEO events, including educational workshops, Pantheon will seek to help encourage more minority college undergraduates to become interested in careers in private equity.
SEO continues to expand its footprint in the alternatives sector through diversity initiatives at the undergraduate, full-time analyst and experienced professional level. This joint initiative provides undergraduates with career access to unique paid summer analyst positions in private equity, enabling them to gain invaluable skills and experience.
Partnering with SEO advances an existing commitment at Pantheon to diversity. Currently, 15% of Pantheon’s U.S.-based employees, including a quarter of the New York office, are from underrepresented minority groups, a significant increase from 6% three years ago. In addition, a third of Pantheon’s U.S. senior staff (VP and above) are female, up from a quarter five years ago.
Said Yokasta Segura-Baez, Principal of U.S. Client Services and Business Development at Pantheon: “In partnering with SEO, we hope to not only increase our own minority hiring of qualified candidates but also reach a far broader audience of college undergraduates so that they can get excited about careers in private equity even well before they begin to make career decisions in college. We believe that if we can get to these students sooner in their academic careers we can increase minority representation in
Martina Marshall-Edwards, Director of Alumni & Alternative Investments Programs at SEO said: “We are delighted to partner with Pantheon on our Alternative Investments Program. This partnership directly addresses the questions, “How do we develop the pipeline of talent? How do we educate talent at the undergraduate level?” By providing underrepresented young professionals access to internship positions, Pantheon is tapping into the next generation of high-achieving talent earlier than many of itscounterparts. This recruitment approach is very unique for the private equity industry, and we’re really excited about it.”
Pantheon is a leading global private equity and infrastructure fund investor that invests on behalf of over 400 institutional investors. Established over 30 years, Pantheon has developed a strong reputation and track record in primary and secondary private asset solutions across all stages and geographies. Pantheon’s investment solutions include customized separate account programs, regional primary fund programs, secondaries, co-investment and infrastructure programs.
Pantheon has $24 billion in AUM and over 180 employees, including over 70 investment professionals, located across offices in London, San Francisco, New York and Hong Kong.
For more information, go to www.pantheon.com.
Sponsors for Educational Opportunity (SEO) is a nonprofit organization founded in 1963 with a mission to provide academic enrichment and career development opportunities to talented young people from underserved and underrepresented communities.. SEO provides services through three major programs: SEO Career, SEO Scholars, and SEO Alternative Investments.
Over the past five decades, SEO has grown into an established and highly effective organization with over 10,000 alumni operating programs across many cities in the United States and worldwide – in the United Kingdom, China, Vietnam, and now Africa. SEO programs serve over 1,000 young people each year, helping them develop throughout high school, college and their careers. SEO Career recruits, trains and mentors outstanding college students of color for summer internships that lead to full-time jobs with investment banks, corporate law firms and other leading global companies. More information can be found on SEO’s website at www.seousa.org.