In this podcast episode, a representative from Pantheon, a global fund-of-funds platform, discusses their evergreen fund franchise. They highlight the growing challenges in the large-cap private equity market, which is becoming crowded and less selective, resulting in higher prices and increased leverage. Instead, Pantheon recommends investing in smaller and mid-cap private equity firms, pointing out their greater growth potential and lower risk. Their evergreen funds provide investors with easy access to this market, simplifying the process compared to traditional closed-end funds and possibly offering tax benefits. What sets Pantheon apart is their carefully curated "buy list" of 120-140 top-quartile general partners, allowing them to deliver diversified, high-performing investments in the small and mid-cap space.
