Analyst, Investment / Infra & Real Assets - Job Opportunity at Pantheon Ventures

London, GB
Full-time
Mid-level
Posted: August 1, 2025
On-site
£65,000 - £85,000 base salary plus significant bonus potential (typically 50-100% of base), with total compensation likely ranging £95,000 - £170,000 annually for this level at a top-tier alternative investment manager in London

Benefits

Exposure to global investment opportunities across Europe, Americas and Asia providing international career development
Access to prestigious institutional client network including pension funds and sovereign wealth funds
Professional development through direct involvement in Investment Committee presentations and decision-making processes
Industry networking opportunities through GP board meetings, industry events, and counterparty interactions
Travel opportunities for deal execution and client relationship management

Key Responsibilities

Drive investment evaluation through sophisticated financial modeling and comprehensive due diligence processes that directly impact $65bn+ AUM investment decisions
Present critical investment recommendations to senior Investment Committee, influencing major capital allocation decisions across infrastructure and real assets
Execute complex deal closing processes for GP-led secondaries, LP portfolio transactions, and co-investments with direct P&L impact
Manage and optimize existing portfolio performance through active oversight and strategic monitoring of key investments
Lead client engagement initiatives and fundraising presentations, directly contributing to business development and revenue generation
Conduct strategic market research and sector analysis that shapes investment thesis and competitive positioning
Represent Pantheon at high-level industry events and board meetings, building critical relationships with general partners and management teams
Develop comprehensive portfolio reporting materials that communicate performance to institutional clients and separate account holders

Requirements

Education

Bachelor's or Master's degree with specialization in quantitative disciplines desirable. MBA, CFA, ACA are a plus

Experience

Prior knowledge and deal experience in infrastructure & real assets, private equity, investment banking, consulting, corporate development, or related roles

Required Skills

Strong financial modelling skills (DCFs, Project Financing, LBOs) and comparative analysis ability to understand financial statements, interpret and calculate key financial metrics Analytically rigorous with an understanding of the fundamentals of different infra (sub) sectors Ability to learn quickly, take initiative and handle a large amount of responsibility early on Interest in working in a fast-paced deal execution environment with the ability to perform well under pressure with minimum supervision to meet tight deadlines Self-motivated and resourceful; able to multi-task and focus on delivering results Strong problem solving, influencing and relationship building skills European language skills (in particular German) highly desired Strong communication skills and attention to detail Willingness to travel on a varying basis

Certifications

CFA ACA MBA
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Sauge AI Market Intelligence

Industry Trends

Infrastructure and real assets are experiencing unprecedented institutional investor demand as pension funds and sovereign wealth funds seek inflation-hedged returns and portfolio diversification beyond traditional public markets. The sector has seen over $150 billion in annual fundraising globally, with particular strength in renewable energy, digital infrastructure, and transportation assets. Secondary markets for private equity and infrastructure have exploded in popularity, with transaction volumes reaching record highs as limited partners seek liquidity and portfolio optimization. GP-led secondaries in particular have become a dominant strategy, representing over 60% of secondary transaction volume as general partners seek to extend hold periods for their best assets. European infrastructure investment is being driven by massive government spending on green transition initiatives, including the EU's Green Deal and REPowerEU programs, creating substantial opportunities for private capital deployment in renewable energy, grid modernization, and sustainable transportation infrastructure.

Role Significance

Likely part of a 8-12 person Infrastructure & Real Assets team within Pantheon's broader 200+ professional organization, with direct reporting to Senior Investment Professionals and Managing Directors while potentially supervising junior analysts or associates
This is a mid-level investment professional role with significant responsibility and direct exposure to senior decision-making processes. The position offers substantial autonomy in deal execution and client interaction, positioning the incumbent as a key contributor to investment decisions rather than purely analytical support.

Key Projects

Leading due diligence on $50-500 million infrastructure secondary transactions Managing co-investment opportunities alongside strategic GP relationships Developing investment themes around energy transition, digital infrastructure, and transportation assets Supporting fundraising for new infrastructure-focused funds and separate accounts

Success Factors

Deep technical expertise in infrastructure valuation methodologies and sector-specific risk assessment, as infrastructure investments require understanding of regulatory frameworks, long-term cash flow modeling, and operational complexities that differ significantly from traditional private equity. Exceptional relationship-building capabilities with general partners, management teams, and institutional clients, as success in secondary markets and co-investments depends heavily on deal flow generation and maintaining strong counterparty relationships across the ecosystem. Ability to synthesize complex market information and present clear investment recommendations under tight deadlines, as the fast-paced nature of secondary transactions and competitive co-investment processes requires rapid decision-making supported by thorough analysis. Cultural adaptability and language skills for European market navigation, particularly given Pantheon's emphasis on German language skills, as infrastructure investments often have strong local and regulatory components requiring regional expertise.

Market Demand

Very high demand driven by massive capital inflows into infrastructure and real assets strategies, with limited experienced talent pool creating competitive hiring environment and strong career prospects

Important Skills

Critical Skills

Advanced financial modeling capabilities including DCF analysis, project finance structures, and LBO modeling are absolutely essential as infrastructure investments require sophisticated cash flow analysis over 15-25 year investment horizons with complex debt structures and regulatory considerations. Deep sector knowledge across infrastructure sub-sectors including renewable energy, transportation, utilities, and digital infrastructure is critical for effective due diligence and risk assessment, as each sector has unique operational, regulatory, and market dynamics. Strong presentation and communication skills are vital for Investment Committee presentations and client interactions, as the role requires distilling complex technical analysis into clear investment recommendations for senior decision-makers and institutional investors.

Beneficial Skills

European language skills, particularly German, provide significant competitive advantage for accessing continental European infrastructure markets and building relationships with local GPs and management teams in key markets. Previous experience in infrastructure development, engineering, or operations would be highly valuable for understanding asset-level operational risks and value creation opportunities that pure financial professionals might miss. Regulatory and policy expertise across European markets would be beneficial given the highly regulated nature of infrastructure investments and the impact of government policy on sector attractiveness and investment returns.

Unique Aspects

Exposure to Pantheon's proprietary secondary market deal flow and co-investment opportunities, providing access to unique transaction types and investment structures not available at traditional infrastructure funds or investment banks.
Direct involvement in Investment Committee processes at a $65 billion AUM manager, offering unprecedented exposure to senior-level decision-making and institutional-quality investment governance for a mid-level professional.
Opportunity to work across the full spectrum of infrastructure and real assets transactions including GP-led secondaries, LP portfolio sales, co-investments, and primary fund commitments, providing comprehensive market exposure rare in more specialized roles.
Access to Pantheon's extensive global network of over 650 institutional clients and established relationships with leading infrastructure GPs worldwide, creating exceptional learning and networking opportunities.

Career Growth

Typically 3-5 years to senior investment professional level, with potential for Principal or Director level positions within 5-7 years given strong performance and market experience

Potential Next Roles

Senior Investment Manager or Principal level within Pantheon's infrastructure team within 3-4 years Infrastructure investment roles at other leading alternative asset managers like Brookfield, Macquarie, or EQT Senior positions at infrastructure-focused funds or direct infrastructure investors Corporate development or strategic investment roles at large infrastructure companies or utilities

Company Overview

Pantheon Ventures

Pantheon Ventures is one of the world's largest and most established private markets investors, with over 40 years of operating history and approximately $65 billion in discretionary assets under management. The firm is recognized as a pioneer in secondary market investing and has built one of the most comprehensive global platforms covering primary commitments, secondaries, and co-investments across private equity, infrastructure, real assets, and private credit.

Pantheon ranks among the top 5 global secondary market investors and is consistently recognized as a leading institutional alternative asset manager. The firm's scale, track record, and global reach provide significant competitive advantages in deal sourcing and execution, particularly in the infrastructure and real assets space where relationship-driven deal flow is critical.
London serves as Pantheon's European headquarters and is a critical hub for the firm's infrastructure and real assets activities, given Europe's leadership in renewable energy investment and infrastructure privatization. The London office plays a key role in managing relationships with European GPs and institutional investors while accessing the broader EMEA infrastructure market.
Pantheon maintains a collaborative, performance-driven culture that emphasizes professional development and client service excellence. The firm's long tenure and stability in private markets creates an environment focused on long-term relationship building and institutional-quality investment processes, with significant emphasis on analytical rigor and risk management.
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