The reported first close puts the vehicle past halfway to its €1.75bn target, according to AltAssets.
Hg has reportedly raised about €1bn at the first close of its inaugural GP-led secondaries fund, clearing the halfway mark of a €1.75bn target, according to AltAssets.
The €1bn first close equals roughly 57% of the target, based on the report's figures. AltAssets describes Hg as a European software buyout heavyweight.
Reported by the Fundraising desk from AltAssets. Published . Corrections
Churchill led the $285 million vehicle for Whitsons, a provider of school and healthcare dining services, and no price was disclosed.
PE Hub reported the Netherlands-based technical installation group operates in five European countries; the report did not include a price.
AltAssets reported the Oct. 26 raise as one combined figure for the two strategies; the public summary does not split them.
AltAssets reported the close; Pantheon deployed about $3.35bn across 17 secondary transactions in 2025.
The Oct. 14 notice lists Ares Global Structured Solutions Management LP, Ares Global Structured Solutions LLC, Matthew Jill and Nathan Walton as related persons
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