Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide

For further details please visit www.pantheon.com

Purpose of Role

The role will be responsible for the ongoing assessment and monitoring of Investment Risk at both portfolio and deal level across Pantheon’s private markets platform, with an initial focus on Private Credit. The role will provide independent evaluation of existing and emerging risks, taking a proactive approach towards management and mitigation of risks identified. While a second line of defence, the individual will work closely with investment teams and portfolio management teams to understand risk profiles and how these develop as portfolios mature. They will ensure that capital allocation aligns with each fund's stated investment strategy, LPA limits and investment restrictions, internal soft targets, and regulatory requirements. The individual will produce risk analytics for review and discussion with investment teams and portfolio management teams, with results used to improve investment outcomes for investors.

There will be continued development of current tools that will ultimately allow Pantheon to further improve risk analytics to enhance monitoring of our portfolios.

The role will support the development of the risk framework, taking ownership of the build-out of risk processes and tools.

Key Responsibilities

Manage and monitor investment risk across Private Credit (Primaries, Secondaries and Co-investments), involving:

Portfolio management oversight, including adherence to LPA limits, internal soft targets, and relevant regulatory requirements.
Understanding of investment processes and portfolio construction through regular interaction with investment teams
Attending Investment Committee(s) for relevant area
Assessment of any changes to internal portfolio limits/targets against its risk profile
Ongoing development of analytical tools to assist better portfolio monitoring as determined by Group needs and requirements
Supporting the continuous refinement of the oversight model and process
Reporting on portfolio management activities and presenting the results to the appropriate governing body (eg Risk Committees and Fund/AIFM Boards) and stakeholders. In-depth risk reviews of deals/portfolios as appropriate
Ensuring compliance with relevant laws, regulations and Pantheon policy (including reporting compliance risks and maintaining appropriate standards of conduct)

Skills and Experience Required

Deep understanding of Private Credit investment dynamics
Strong numerical and analytical skills such that the individual can collate, interpret and analyse portfolio, risk and performance data
MS Office, especially Excel including basic VBA. Experience with Bloomberg terminal considered an advantage. AI tool usage would be an advantage
Masters degree preferred
Critical thinking
Appreciation of risk, and how risks can be mitigated

This job description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. You may be required to perform other job-related duties as reasonably requested by your manager.

Pantheon is an Equal Opportunities employer, we are committed to building a diverse and inclusive workforce so if you're excited about this role but your past experience doesn't perfectly align we'd still encourage you to apply.

About the company

Pantheon manages investments in private markets for a broad base of institutional and private clients. It raises and allocates capital to private equity, infrastructure and other private market strategies, offering flagship funds, integrated programs, and customized solutions. The approach uses a global network with offices in multiple major cities to source deals, diversify risk, and tailor investments for each client. Pantheon also oversees listed investment vehicles Pantheon International Plc (PIP) and Pantheon Infrastructure Plc (PINT) on the London Stock Exchange. As of 2022, it reported about $88.9 billion in assets under management and advice, and employed over 460 people worldwide. The goal is to grow client portfolios by providing access to a wide range of private market opportunities across geographies and stages, backed by experienced teams and scalable investment structures.

Company Size

201-500

Company Stage

Private

Total Funding

$379.4M

Headquarters

London, United Kingdom

Founded

1982

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Simplify's Take

What believers are saying

Pantheon's $83.8 billion AUM and 1000+ client relationships support sticky fundraising.
Infrastructure secondaries evergreen approval in April 2026 expands access to private-wealth capital.
2026 dealflow stayed strong across private credit, co-investments, and GP-led secondaries.

What critics are saying

Secondaries crowds more every quarter, compressing returns and forcing faster deployment.
Pantheon's diversification into evergreen infrastructure products raises complexity and execution risk in 2026.
If continuation-vehicle pricing weakens, Pantheon's sourcing edge erodes against Apollo S3 and Blackstone.

What makes Pantheon Ventures Careers unique

Pantheon closed a $3.2 billion co-investment program in July 2026.
It led a $3.2 billion private credit continuation vehicle for Crescent Capital in January 2026.
It co-led €811 million and €750 million continuation vehicles in Europe during 2026.

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Benefits

Hybrid Work Options
Professional Development Budget

Company News

PR Newswire

Aug 11th, 2026

HMV Engineering valued at $1.6B as Exponent leads $840M continuation vehicle

HMV Engineering has been valued at €1.4 billion in a continuation vehicle transaction led by existing investor Exponent. The approximately €750 million deal brings in new investors Apollo S3, Pantheon, and SQ Capital to support the Irish engineering firm's expansion. The Limerick-based company provides high-voltage engineering and critical power infrastructure services. HMV expects to close FY26 revenues at over €1 billion, up from €61 million in 2020, whilst expanding its workforce from 300 to over 1,900 employees. The company holds a €2 billion order book and €16 billion pipeline. It targets €3 billion in annual revenues within five years and plans to grow its global workforce to 3,000 employees. HMV will open its North American headquarters in Dallas later this year, having established a US presence in late 2025. The transaction is subject to regulatory approval and expected to complete in September 2026.

Associated Press

Jul 30th, 2026

Pantheon closes largest co-investment fund at $3.2B for private equity deals

Pantheon, a global private markets investor with approximately $84 billion in assets under management, has closed its largest co-investment programme at $3.2 billion. The Pantheon Global Co-Investment Opportunities Fund VI and related vehicles focus on mid-market companies in non-bank financials, industrials, business services, and technology. The fund's investor base has grown across all regions, with strongest expansion from Asia. Pension funds remain the largest capital source, but the base now includes sovereign wealth funds, insurance companies, asset managers, family offices, and endowments. In 2025, Pantheon deployed approximately $1.3 billion across 30 co-investment deals. The firm's private equity platform represents $41 billion of its total assets under management and has a 40-year track record.

AltAssets

Jul 30th, 2026

Pantheon co-leads $916M multi-asset continuation vehicle for BU Bregal

Pantheon has co-led an €811 million multi-asset continuation vehicle for BU Bregal Unternehmerkapital, demonstrating growing appetite for complex GP-led secondaries in Europe. The vehicle will finance the next phase of growth for two portfolio companies. The first is Safety21, a European GovTech platform specialising in road safety and smart mobility. The second is Onlineprinters. The deal highlights the increasing sophistication of continuation vehicles as a tool for extending holding periods whilst providing liquidity options for existing investors.

Intereconomía Corporation

Apr 24th, 2026

Pantheon launches infrastructure secondaries evergreen fund, expanding $15B semi-liquid platform

Pantheon has launched a new evergreen fund focused on infrastructure secondaries, expanding its semi-liquid investment platform. The firm received regulatory approval for Pantheon Global Infrastructure Secondaries Fund, a Luxembourg-domiciled vehicle targeting private wealth investors. The launch completes Pantheon's evergreen range, which already includes strategies in private equity through Pantheon Global Private Equity and private credit secondaries via Pantheon Global Credit Secondaries Fund. Pantheon's evergreen platform now manages $15 billion in assets across three major areas: private equity, private credit and infrastructure. The platform provides access to both US and international markets, strengthening the firm's positioning in solutions for private investors.

Benzinga

Mar 18th, 2026

QHP closes $1.1B continuation vehicle for Azurity Pharmaceuticals with HarbourVest

QHP Capital has closed a $1.1 billion continuation vehicle for Azurity Pharmaceuticals, providing liquidity to existing investors whilst securing long-term capital for growth. The transaction was led by HarbourVest Partners, with Pantheon Ventures and Audax Strategic Capital participating. The deal, announced on 13 February 2026, allowed limited partners in QHP's selling fund to either take returns or roll proceeds into the continuation vehicle. Strong participation came from existing limited partners, whilst QHP's subsequent fund remains a significant investor. The capital will support Azurity's organic growth, business development, licensing and potential mergers and acquisitions. Azurity is a specialty pharmaceutical company with a portfolio of over 50 medicines spanning 10 therapeutic areas, distributed across more than 50 countries.

Pantheon Ventures Careers

Investment Risk Manager - Private Credit

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