Pantheon Global Evergreen
Mid-Market Secondaries (PGPE)

Pantheon Global Evergreen Mid-Market Secondaries (PGPE) (“the Fund”) is a global private equity fund, providing exposure to a diversified portfolio sourced by Pantheon’s global investment platform. With a focus on the small and mid-market, the Fund invests across the investment lifecycle, with a focus on secondaries and co-investments, offering cost-efficiency and diversification by manager, stage, geography, vintage year and industry, all through a single allocation.

Fund in Focus

In this Q&A interview, Victor Mayer, Managing Director & Head of International Private Wealth at Pantheon, discusses how Pantheon Global Evergreen Mid-Market Secondaries (PGPE) operates, the opportunity within small to mid-market private equity secondaries and the distinct advantages that set Pantheon apart from its peers.

Fund Highlights

Efficient DeploymentEmphasis on secondaries and co-investments to enable efficient deployment. Complemented by high conviction primary funds.

Buyout and Growth FocusUtilising Pantheon’s extensive network of top-quality GPs to construct a portfolio focused on buyout and growth opportunities.

Mid-Market FocusThe Fund concentrates on the mid-market for its attractive supply / demand profile, the potential for multiple value creation pathways, strong exit optionality and return potential.

Global PortfolioProviding access to a global PE institutional portfolio, with a focus on the US and Europe, combined with opportunistic deployment in Asia.

Fund Risks

Please see section 4 of the Product Disclosure Statement for more information about the Fund’s risks.

There are a number of risks associated with investing in the Fund, including, but not limited to:

Market risk

Currency risk

Investment risk

Liquidity Risk

Key Team Members

Victor Mayer

Managing Director

Victor is a Managing Director, Head of International Private Wealth, and a member of Pantheon’s European Investment team, where he focuses on private equity primary investments and co-investments. Prior to joining Pantheon, Victor was a Director at HSBC Alternatives Ltd, where he worked on primary fund investments, secondaries and co-investments across Private Equity, Private Debt and Impact. Before that, he spent 3 years at Access Capital Partners in Paris, having started his career in transaction services at Deloitte in Luxembourg. Victor holds a master’s degree in Corporate Finance from ESSCA in France.

Charlotte Morris

Partner

Charlotte is a Partner in Pantheon’s Global Secondaries Team and is responsible for co-managing the activities of Pantheon International Plc (PIP). She is involved in all aspects of Pantheon’s secondaries business including the analysis, evaluation and completion of secondary investment opportunities. Charlotte joined Pantheon in 2006 from Cdb Web Tech, an investment vehicle listed on the Milan Stock Exchange. She serves as a member of Pantheon’s Global Secondaries Investment Committee and Sustainability Committee, and is engaged across Pantheon’s transactional investment activities. Charlotte received a master’s degree in mathematics from Cambridge.

Jeff Miller

Partner, CIO

Jeff is Pantheon’s Chief Investment Officer and Global Head of Private Equity. Jeff is a member of Pantheon’s Global Partnership Board and International Investment Committee. Prior to joining Pantheon, Jeff was a Principal at Allied Capital where he was responsible for evaluating and executing private equity and mezzanine investments. Previously, he was a Vice President in Lehman Brothers’ investment banking division. Jeff received his MBA with Honors from Northwestern University and a BA in economics and mathematics from Gustavus Adolphus College, and is a CFA Charterholder.

Fund Facts

Key Fund Information

As at 30 September 2025

Inception Date	September 2024
Unit Class	Pantheon Global Evergreen Mid-Market Secondaries (PGPE)
Fund	Pantheon Private Markets Fund Australia
Underlying Fund	Pantheon Global Equity Fund
APIR	EVO5616AU
Responsibile Entity	Evolution Trustees Limited (ABN: 29 611 839 519, AFSL No: 486217)
Valuations	Monthly
Applications	Monthly
Redemptions	Monthly
Distributions	Annually, if any
Management Fees and Costs	1.91% p.a.
Performance Fee	12.5% above a 5% hurdle with 100% catch-up with a High-Water Mark
Minimum Initial Investment	$50,000
Buy/Sell Spread	Nil
Currency	AUD (Hedged)
Strategy AUM	US$663.5m
Unit Class AUM	$423.5m
Unit Price	$1.1318

Platform Availability

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Research Ratings

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The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned EVO5616AU January 2025) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The rating issued October 2024 for Pantheon Global Evergreen Mid-Market Secondaries (PGPE) (APIR: EVO5616AU) is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.

Fund Performance