Pantheon appoints Global Head of Private Debt
Pantheon has appointed Rakesh (Rick) Jain as Partner and Global Head of Private Debt based in the firm’s New York office.
Pantheon has been active in private debt investments since 1997, with approximately USD1.5 billion committed to investment opportunities across secondaries and primaries. The firm formed a dedicated practice last year to support its demand-led expansion across the private debt asset class. Pantheon plans to hire additional resources in both London and New York. Currently, Toni Vainio, Principal, leads European private debt origination and investments while Francesco di Valmarana chairs the Global Credit Committee. Rick will join the GCC together with existing members Francesco, Toni, Jeff Miller, Partner, and Dennis McCrary, Partner.
Jain reports to Dennis, leads US investment activity, coordinates global investment activity, and provides line management of the private debt team.
Jain says: “I am excited to build upon Pantheon’s private debt experience and leverage the firm’s long-standing GP relationships and scale to provide access to and liquidity solutions across the private debt asset class”.
”We are delighted to be joined by Rick, whose deep experience in executing and managing private debt investments will add valuable investment expertise and coverage for our clients,” says Francesco di Valmarana, Partner.
Jain brings significant experience working across the alternative investment management spectrum, with over 20 years of investment experience, including direct private credit and private equity investing as well as executing fund investments in the secondary market. Previously, Jain was a Managing Director and Investment Committee Member at Star Mountain Capital, a private credit firm based in New York. Previously, he founded and managed an investment firm that focused on providing flexible private debt and structured equity solutions to middle market US companies, and was a Principal at a division of Stone Tower Capital, a USD17 billion in AUM credit investment firm that was ultimately acquired by Apollo Global Management. Prior to that, Jain was a Director at Citigroup Alternative Investments, where he managed several funds focused on private equity and private credit direct investments, fund investments, as well as on strategic financial services investments. Jain started his career in investment banking at Morgan Stanley & Co. in New York in the Financial Institutions Group.
Jian holds a Bachelor of Commerce (Joint Honours – Economics and Finance) degree from McGill University.