Helen Steers: Geographical allocation changes not worth getting worked up about

£2.1bn trust has less than 10% in the UK

Amid reports of a private equity raid on corporate Britain, Helen Steers, manager of Pantheon International, is not getting “worked up” about year-to-year changes when it comes to geographical allocation of her private equity trust.

Private equity struck 640 deals in the UK until the end of October, more than any other year-to-date period on record according to Refinitiv.  "From year to year, the amount of money going into the UK versus France, Germany will change," said Steers. "One or two big deals can change the statistics quite a bit and I do not get very worked up about year to year changes." The £2.1bn trust has less than 10% in the UK. Its highest geographical allocation is to the US, which has dropped from near 60% to closer to 50% in the period from June 2015 to May 2021.  However, that money has ende...