Pantheon Completes Secondary Purchase of Quantum Technology Ventures

Pantheon Ventures has completed the secondary purchase of Quantum Technology Ventures from Quantum Corporation. QTV was founded in March 2000 as a venture capital firm investing for Quantum Corporation and focuses on early-stage enterprise data infrastructure companies. The portfolio contains investments in 18 companies within the storage technology sector. The new fund will be renamed QTV Capital.

"One of the key factors in the deal was the strength of the QTV Capital management team, all of whom are experts in storage-related investing and excellent board members of their portfolio companies," said J. Jay Pierrepont, managing director at Pantheon. "Subsequent to the deal closing, two of the underlying companies had attractive rounds of financing, signaling the strength of the portfolio."

Pantheon determined that the QTV Capital portfolio is well diversified and would be a strategic fit with Pantheon's current funds. The portfolio includes promising storage, silicon, security and enterprise software companies.

"We are excited to be working with Pantheon Ventures, whose reputation in the venture capital community is unsurpassed," said Maury Domengeaux, managing director at QTV Capital. "The Pantheon team is professional, rigorous and highly effective at capitalizing upon the attractive opportunities available in today's secondary market."

A leader in both the secondary and fund-of-funds markets, Pantheon has made this secondary purchase as an investment for current fund clients. Pantheon continues to be interested in purchasing groups or portfolios being divested from institutional investors. The group anticipates raising a second global secondary fund starting later this year or early next year.

About Pantheon Ventures

Pantheon specializes in providing clients with private equity fund investment services from early-stage venture capital to leveraged buyouts and the purchase of secondary partnership interests. The Pantheon management team has established a long-term track record of delivering superior returns to clients across varying economic and market cycles. Founded in 1982, Pantheon manages $5.5 billion on behalf of a worldwide institutional client base through its regional funds-of-funds, segregated accounts, a dedicated secondary fund and Pantheon International Participants PLC, an investment trust listed on the London Stock exchange. The group has offices in London, San Francisco, Hong Kong and Brussels. For more information, please visit www.pantheonventures.com.

About QTV Capital

QTV Capital ("QTV") is a private equity venture fund focused on the storage infrastructure of the enterprise. The QTV team leverages their real-world business backgrounds and deep domain expertise to help entrepreneurs create and build successful companies. Founded in March of 2000, QTV Capital invests across the storage value-chain in innovative start-ups that improve the capacity, reliability, flow, and safekeeping of data throughout the enterprise.

Back to News Headlines