Pantheon, a global private equity funds of funds manager, has recruited Heiko Schupp as a principal and head of European infrastructure investments from EISER Infrastructure (EISER), the pan-European infrastructure fund manager.
The London-based role is newly created, with European infrastructure having previously been overseen by David Braman, the firm’s San Francisco-based global head of infrastructure, and Carol Kennedy, a London-based senior partner and member of the firm’s global infrastructure committee.
Pantheon’s Global Infrastructure Fund closed on about $350 million at the end of 2010 and has total investible capital of just over $400 million, according to a market source. Of the $400 million, Pantheon can invest up to 50 percent, or about $200 million, in secondary investments, according to the source. The fund’s mandate covers both primary deals, such as commitments to infrastructure funds, and secondary purchases of fund interests.
Schupp joins from EISER, the fund manager which was formerly known as ABN AMRO Infrastructure Capital and which spun out of Fortis with a €1.1 billion fund. In March this year, it announced a €277 million first close on its second fund. Schupp was an investment director with the firm, where he helped acquire and manage infrastructure assets in northern Europe.
Prior to joining ABN AMRO in 2007, Schupp was head of the European infrastructure team at Bank of Scotland, where he spent five years establishing the bank’s pan-European infrastructure business.
Alastair Bruce, managing partner at Pantheon, said in a statement: “We are delighted to welcome Heiko Schupp to our infrastructure team at a time of attractive opportunities across Europe with sizable public sector deficits driving privatisations and infrastructure corporates continuing to deleverage.”
Pantheon was established nearly 30 years ago as one of the first private equity funds of funds managers and says it currently has over $25 billion under management on behalf of more than 350 institutional investors.