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Pantheon raises more than $1 bln for infrastructure

Pantheon has closed its oversubscribed second infrastructure fund at more than $1 billion, the firm announced today. There was no hard cap target for the fund, confirmed a spokesperson at the firm.

The fund’s limited partners were not named but they include global institutional investors.

Pantheon said its second infrastructure fund will focus on secondaries; however, the firm said it will also be active in primaries and co-investments as well.

According to Preqin, Pantheon’s inaugural infrastructure fund closed at $507 million. No performance data was available.

In addition to the fundraising, Pantheon has recruited Evan Corley, a principal on the investment team, as head of natural resources for its global infrastructure and real assets team.

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