Pantheon gets emerging markets mandate from Finland's VER

This is the first time VER has been awarded an emerging markets-focused private equity mandate. The customized strategy will be executed over the next 3-4 years with a view to constructing a diversified portfolio of primary buyout and growth capital funds.

"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," said Maarit Säynevirta, who is responsible for VER's alternative investments, in a statement.

Established in 1990 to cover future pension liabilities and balance pension costs, VER had EUR17.4 billion in assets under management as of September 2014. Of this, 9.1% was invested in alternative assets, including a 1.4% allocation to private equity.

Pantheon had over $32.2 billion in assets under management - on a discretionary and a non-discretionary basis - as of June 2014. It works with over 400 institutional investors. The company has 197 employees, including 72 investment professionals, located in offices in London, San Francisco, New York, Hong Kong, Seoul and Bogotá.

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• Topics
• Fund-of-funds
• LPs
• Europe
• Asia
• Emerging Markets
• Pantheon
• LPs
• Europe
• Separate accounts