Pantheon appoints former Fidelity head as European private wealth director

Private markets investor Pantheon has appointed Alex Denny as managing director of European private wealth.

In his new role, Denny will be based in London and oversee product development and manage relationships with key distribution partners across the UK and Europe.

He joins following 14 years at Fidelity International, including a decade within the manager’s investment trust business, most recently as head of investment trusts.

He will continue serving as a non-executive director on the board of the Association of Investment Companies, the UK trade association for investment trusts.

Denny said: “I look forward to building on Pantheon’s successful and extensive track record as we drive the growth of our existing private wealth offerings and develop new products and relationships.”

Pantheon has also appointed Nicole Parker, formerly of Goldman Sachs Asset Management, as managing director of US private wealth.

Pantheon said the new hires reflect increasing investor demand for the offerings across its $6 billion evergreen platform.

Paul Ward, managing partner at Pantheon, said: “Pantheon is an industry leader in bringing our broad private markets expertise to a wider range of institutional and non-institutional investors around the world, and we are pleased to welcome Alex and Nicole as we look to further expand our reach and the range of evergreen and semi-liquid products we offer.”

Last year, Pantheon added to its investment trust stable with the launch of Pantheon Infrastructure Plc (PINT), which completed a heavily oversubscribed listing on the London Stock Exchange in November 2021, achieving its hard cap of £400 million.

It has since substantially invested this capital, along with additional funds of £80.8 million raised through exercising subscription rights issued as part of the IPO.

Last month, the global infrastructure fund issued shares at 100p each with a plan to deploy the £250 million raised within the next six months.

Richard Sem, partner at Pantheon, added: “The volume and quality of infrastructure investment opportunities that we are reviewing at Pantheon continue to grow, allowing us to choose attractive transactions that we anticipate will provide the best risk-adjusted returns for Pantheon Infrastructure.”

© 2022 funds europe



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