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Core Portfolio Management Associate

London, Greater London, England, United Kingdom

Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, real assets and private credit.

We have partnered with more than 650 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $65bn in discretionary assets under management (as of December 31, 2023).

Leveraging our specialized experience and global team of professionals across Europe, the Americas and Asia, we invest with purpose and lead with expertise to build secure financial futures.

For further details please visit www.pantheon.com

Purpose of the Position 

The incumbent in this position will act as an Associate within the Infrastructure Core Portfolio Management (“Infra Core PM”) function, supporting the team lead. The Core PM function is a centralised team covering all private market asset classes into which Pantheon invests. Core PMs are at the intersection of our client expectations & outcomes, our investment process and our operating platform. The team harnesses data and analytics required to support portfolio construction decisions from a single, cohesive and consistent set of processes and platforms. The team collaborates with investment leaders in portfolio monitoring activities including analysing performance, exposures and financial/operating health of portfolio companies in a consistent and repeatable manner. Core PMs curate analytical content for clients & prospective investors leveraging Pantheon’s data platform.

Each investment strategy has a dedicated Core PM team charged with supporting portfolio manager decision making by monitoring asset, fund and client cash flows, performance, exposures and asset financial/operating health. The incumbent in this position will support the infrastructure team within the wider Core PM function. This covers all Pantheon funds that invest into infrastructure investments across primary, secondary and co-investment strategies.

The Core PM function is also responsible for representing the wider Investment Team in any process re-engineering or new technology platform implementations.

Key Responsibilities 

  • Lead responsibility for portfolio construction and allocations amongst Pantheon’s infrastructure SMAs and commingled funds. Support the processes required to allocate investments amongst Pantheon funds, ensuring this is achieved fairly, equitably and in line with individual portfolio strategies.
  • Contribute to working group to refine Pantheon’s allocation policy, ensuring that the policy evolves to maximise client outcomes.
  • Responsible for development of Primary roadmaps and developing a Primary fund reporting function for our key SMA clients.
  • Responsible for overseeing the Annual Buy list review of our Primary GPs.
  • Support the collation and analysis of underlying investment fund and asset data as part of the team’s wider investment monitoring objectives. Assist in using this data to generate client and portfolio management update materials.
  • Contribute to roll-out of best in class reporting for SMA clients in line with listed and commingled products.
  • Collaborate with IR on responding to client queries or diligence requests that relate to Investment Team activities.
  • Curate content for portfolio review materials for client meetings.
  • Support the creation of portfolio manager reporting at the Pantheon fund and underlying investment level. Respond to portfolio manager queries as needed.
  • Support maintenance of fund financial models for all Pantheon fund types and structures, including traditional commitment-based structures, open and closed-ended evergreen funds. Models are maintained through the life of a fund to support active portfolio management and fund management decisions.
  • Support the development of liquidity strategies for Pantheon funds to ensure that funds operate within acceptable risk limits whilst also maximising returns. Monitor the enactment of these strategies once in place.
  • Ensure compliance with relevant laws, regulations and Pantheon policy (including reporting compliance risks and maintaining appropriate standards of conduct).

Knowledge and Experience Required:

  • Previous exposure to private markets asset allocation and portfolio construction processes would be beneficial.
  • Prior experience in a private markets’ role is required, ideally with exposure specifically to infrastructure as an asset class. Previous experience with traditional commitment-based fund structures and evergreen structures will be beneficial, in addition to an understanding of their associated key performance metrics.
  • Previous exposure to providing support to portfolio managers and IR teams would be beneficial.
  • Experience of monitoring private market asset performance, cash flows and the associated KPIs would be beneficial
  • Prior experience with eFront, Power BI and investment CRM platforms would be advantageous
  • Strong process mindset with previous involvement in new process development and design. Ability to identify opportunities for process development towards improving efficiency and control.
  • Good communication skills, both written and verbal.
  • Good working knowledge of MS Office, particularly Excel. VBA / Python knowledge would be beneficial.
  • Ability to manage own workload and prioritise delivery.
  • Excellent attention to detail.

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.

 

 

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