Associate, Treasury England, United Kingdom

Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit.

Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide

The Treasury Associate sits in our Fund Finance team and helps run treasury operations across Pantheon’s commingled funds, separately managed accounts, and special purpose vehicles. You will oversee cash flow forecasting, sign off on capital calls, distributions and credit facility activity, manage our external outsource provider, and execute FX and money-market trades. You will partner closely with deal teams, finance, legal, compliance, investor relations, banks, lenders and fund administrators — and contribute to scaling the platform as cash and debt under management grow.

You will operate the firm’s Treasury Management System (Hazeltree).

• Oversee cash flow forecasting for Pantheon’s funds across all strategies, partnering with the investment, finance and investor relations teams.
• Sign off on investor capital calls and distributions.
• Monitor liquidity across all accounts to make sure we can meet new investments, calls, distributions, fees and expenses.
• Run treasury operations for legacy and wind-down funds, including quarterly distribution processing.
• Support processes relating to the liquidation of public stock positions.

• Manage the external outsource provider responsible for tracking facility data, producing borrowing base and covenant calculations, and shadow interest calculations.
• Sign off on credit facility drawdowns, repayments, rollovers and compliance reporting.
• Track facility limits, key covenant dates and documentation. Escalate breaches or approaching thresholds promptly.
• Coordinate with internal teams and lenders on facility renewals and notices.

• Review and execute FX trades to support liquidity and FX exposure decisions.
• Review and execute money-market fund trades and term deposits to support liquidity decisions.
• Run the firm’s cash yield programme in line with approved investment guidelines to enhance yield.

• Act as signatory for sensitive new deal wires and other urgent payments.
• Support oversight of the Treasury team’s day-to-day activities — liquidity, FX execution, deal settlement, facility management and tackling investor queries.
• Support the Treasury Management System upgrade project and other systemisation initiatives.
• Lead the build-out of processes to support growth in cash and debt under management and assess further outsourcing to external providers.
• Keep fund mapping, account hierarchies and static data in Hazeltree complete and current. Reconcile TMS records against custodian and bank data; resolve breaks quickly.

• Ensure compliance with relevant laws, regulations and Pantheon policy. Report compliance risks promptly and maintain high standards of conduct.
• Be a primary point of contact for internal stakeholders (investment, risk, fund finance, legal, compliance, investor relations) and external partners (banks, auditors, outsource providers, fund administrators).

• Strong treasury experience in private equity, private credit, infrastructure or a hedge fund is essential.
• Hands‑on experience with a Treasury Management System. Hazeltree strongly preferred.
• Detailed knowledge of subscription credit facilities and NAV financing, including drawdown mechanics, borrowing base and covenant monitoring.
• Co…