Hogan Lovells advises Pantheon Ventures as lead investor in US2 billion Wells Fargo Secondary Transaction

Hogan Lovells advises Pantheon Ventures as lead investor in US$2 billion Wells Fargo Secondary Transaction

Press releases | 18 October 2023

Northern Virginia, 18 October 2023 – A team from global law firm Hogan Lovells has advised Pantheon Ventures in its capacity as a lead investor in the private credit transaction that formed part of Wells Fargo’s sale of approximately US$2 billion of investments in certain private credit and private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners, each of which was spun out from Wells Fargo as part of the transaction.

Media outlets have noted that this is one of the largest secondary transactions of 2023.

Pantheon is a leading global private equity, infrastructure and real assets, private debt and real estate investor with 40 years’ experience sourcing and executing private market investment opportunities on behalf of clients since it was established in 1982.

As of 30 September 2023, Pantheon had US$88.9 billion in assets under management and advice and employs over 400 staff, including more than 115 investment professionals. It has invested in private equity via primaries since 1983, secondaries since 1988 and co-investments since 1997, with dedicated platforms launched for infrastructure and real assets in 2009, private debt in 2018 and real estate in 2021.

The Hogan Lovells team was led by Northern Virginia partner Adam Brown and counsel Michael Rogers. They were supported by partners Amelia Stawpert (London), Nancy O’Neil (Baltimore) and Bryan Ricapito (Washington, D.C.), counsels Jen Morgan (Los Angeles) and Caitlin Piper (Washington, D.C.), senior associate Pablo Gardea (Washington, D.C.), and associates Sean MacDonald (Northern Virginia) and Jasmine Wilson (London).

Further details on the transaction can be found here.