New Finance Facility

Pantheon Intl Participations PLC
9 April 2002



             PIP Secures £100 million Innovative Financing



The Board of Pantheon International Participations PLC (PIP) is pleased to
announce that it has signed agreements with two major UK institutions and their
clients under which these investors have committed to subscribe, when called
upon by PIP to do so, for a total of £100 million of Participating Loan Notes
(PLNs).  PIP may call for these commitments to be subscribed at any time over a
period of three to five years.  PLNs subscribed pursuant to these commitments
will be issued at the then current Adjusted Redemption Value of the PLNs, which
will represent a 1% discount to PIP's Net Asset Value at that time.  PIP will
pay a commitment fee of 0.5% per annum to the investors on the amount of the
undrawn commitment.



The investors are provided with the opportunity to invest in a diversified
portfolio of global private equity assets if PLNs are issued to them whilst
earning a fee when the commitments are undrawn.  The Board of PIP intends that
the commitments will only be called once other sources of funding have been
utilised



Lionel Stopford Sackville, Chairman of PIP, commented,

'This innovative financing arrangement benefits the institutions concerned and
compounds the benefits of the PLN structure for the Company.'





For more information:



Pantheon International Participations PLC      020 7484 6200
Rhoddy Swire



Pantheon Ventures                              020 7484 6200
Richard Bowley, Alastair Bruce


www.pipplc.com
[e-mail]








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