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London, October 5th, 2016
Pantheon and Pomona Capital Agreement in Principle to Acquire Portfolio of Assets from SVG Capital Plc
We welcome the announcement made by the Board of Directors of SVG Capital Plc and reiterate our enthusiasm for the potential of the transaction. We know this high quality portfolio of assets and its GPs well, and together we are investors in the significant majority of the assets. Our two teams are working in close collaboration and we have great confidence in our ability to transact in a timely and efficient manner. We look forward to working with the SVG Board in the coming days and weeks.
Notes to Editors
Pantheon Ventures (UK) LLP together with its affiliates ("Pantheon") manages or advises funds and clients investing globally in private equity, infrastructure and real assets. Founded over 30 years ago, Pantheon has developed an established reputation in the global private markets and has been investing in the global private equity secondaries market since 1988. Our investment solutions include customized separate account programs, regional primary fund programs, secondaries, co-investment, infrastructure and real assets programs which we manage on behalf of over 380 institutional clients.
As at March 31st, 2016 Pantheon had $34.3 billion assets under management* and currently employs 210 professionals, including 68 investment professionals, located across our offices including London, San Francisco, New York, Hong Kong, Seoul and Bogotá. Pantheon is owned by Affiliated Managers Group Inc ("AMG"), alongside senior members of the Pantheon team. AMG is an NYSE-listed asset management company with equity investments in leading boutique investment management firms.
* This figure includes assets subject to discretionary or non-discretionary management, advice or those limited to a reporting function.
For more information, go to www.pantheon.com.
Pomona is an international private equity firm with over $8.5 billion in aggregate capital commitments across its sponsored-funds and separate accounts on behalf of a global group of over 350 sophisticated investors from more than 25 countries. Pomona was founded in 1994 and was one of the earliest secondary market investors, establishing itself as a pioneer in the marketplace. Pomona also manages a nearly $3 billion business making primary investments in private equity funds as a strategic complement to the secondaries business. Pomona has collectively invested in partnership interests in approximately 700 private equity funds, diversified across the spectrum of private equity, with underlying investments in over 8,500 companies since inception.
Pomona is led by a senior management team that has worked together since 1995. The global team is comprised of over 45 experienced professionals based in three countries, the United States, United Kingdom and Hong Kong. Pomona's capital capacity and global reach are enhanced by a strategic partnership with Voya Investment Management.
For more information, go to www.pomonacapital.com
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 registration.
Amanda McCrystal, Principal, Global Head of Marketing and Communications
Tel: +44 20 3356 1718 | Email: [email protected]
Vivian Flynn, Managing Director, Head of Investor Relations
Tel: +1 212 401 4697 class="bl">
Forward looking statements
This announcement contains certain forward looking statements with respect to a potential acquisition of assets from SVG Capital Plc. The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, significant transaction costs and/or unknown liabilities, general economic and business conditions, changes in global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax laws, regulations, rates and policies, future business combinations or disposals and competitive developments. These forward-looking statements are based on numerous assumptions and assessments made in light of Pantheon and Pomona's experience and perception of historical trends, current conditions, business strategies, operating environment, future developments and other factors it believes appropriate. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. The factors described in the context of such forward-looking statements in this announcement could cause Pantheon or Pomona or SVG Capital Plc's actual results, performance or achievements, industry results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct and persons reading this announcement are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.
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