Pomona Capital, a global private equity firm specialising in secondaries investing, has raised a combined total of $4 billion across its platform in the past two years.
The firm recently held a final close on its tenth secondaries flagship fund, Pomona Capital X (PC X) with commitments of $2.6 billion.
PC X was oversubscribed and capped, surpassing its target of $2 billion by 30% and is approximately 50% larger than its predecessor fund Pomona Capital IX, which collected nearly $1.8 billion. The fund combined with primaries, co-investment interests and its retail product offering has contributed to the firm’s growth momentum and 23% CAGR in the past five years.
Pomona Capital X, like its nine predecessor secondary funds, seeks to deliver on the fundamental premise of secondaries investing; solving for both growth and value with enhanced liquidity and a lower risk profile.
The Pomona Investment Fund, the firm’s retail product offering, increased by $400 million in assets under management in 24 months or 85% CAGR as the demand by retail investors for private equity continues.
Limited partners in the Fund include pension funds, sovereign wealth funds, insurance companies, financial institutions, endowments, foundations, and family offices from nearly 20 countries. Strong support from existing investors was complemented by a significant number of new investors from across the globe.
