Pantheon Ventures, a UK fund manager, has walked away from a $500m (€385m) mandate with one of the world's largest sovereign wealth funds, in a rare move that appears to suggest the complexities with working with powerful investors.

Pantheon had a mandate with China Investment Corporation to invest in the second-hand private equity market on behalf of the sovereign wealth fund.

UK fund manager walks away from a $500m (€385m) mandate with sovereign wealth fund, in a rare move showing complexities with working with powerful investors

Jennifer Bollen

Goldman Sachs

Corporate/Industrial News

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Pantheon mandate with CIC deal collapses

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