Affiliated Managers Group acquired Pantheon Ventures for approximately $775 million, a transaction completed in June 2010, structured as cash plus contingent earn-out (up to 5 years).
Pantheon Ventures operates in Private equity fund-of-funds, is based in London, UK (global offices), had revenue of about $22 billion AUM. AMG acquired the business of Pantheon Ventures from Russell Investments (a Northwestern Mutual subsidiary) for approximately $775 million in cash, with potential additional contingent payments over five years tied to Pantheon's growth. Pantheon is a leading global private equity fund-of-funds manager with about $22 billion under management for over 300 clients across offices in London, San Francisco, New York and Hong Kong. Management took a meaningful stake and continued to run the firm.
A landmark expansion into private markets, adding a global PE fund-of-funds platform while aligning Pantheon's team through equity ownership.
Advisory firms were not disclosed for this transaction.