Exclusive Q&A with Helen Steers, Co-Lead Manager of Private Equity Trust Pantheon International PLC

Private Equity Trust Pantheon International PLC Stands Out in the Market

In a recent interview with Helen Steers, co-lead manager of private equity trust Pantheon International PLC (PIP), she shared insights on how the fund stands out from its competitors and the sectors she finds most exciting.

Established in 1987, PIP differentiates itself by investing directly into opportunities, with 54% of the portfolio dedicated to direct investments. This approach allows for full control over portfolio construction and deployment, offering exposure to global markets, particularly in the United States.

Steers expressed excitement about the enterprise software sector, highlighting its role in digitization and automation across industries. She also emphasized the importance of healthcare investments in addressing aging demographics and healthcare needs.

Over the years, PIP has evolved from primarily investing in funds to focusing on direct investments in companies. The sector split has also shifted, with IT and healthcare now dominating the portfolio.

Reflecting on mistakes made, Steers mentioned maintaining an energy allocation for too long, citing challenges related to commodity cycles and ESG issues. However, energy now only accounts for a small portion of the portfolio.

In discussing industry changes, Steers noted the growth of private equity backed companies and the shift towards operational improvements in managing investments. Private equity is now seen as a driver of growth for small to medium-sized businesses, contributing to the economy’s fundamental fabric.

Overall, PIP’s unique approach to direct investments and focus on growth sectors position it as a standout player in the private equity market.