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.
Brown Brothers Harriman research reported by AltAssets finds 84% intend to raise private markets exposure within two years.
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.
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