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Pomona Capital closes eighth secondary fund at USD1.75bn hard cap

Private equity firm Pomona Capital has held the final close of its eighth secondaries fund, Pomona Capital VIII, with commitments of USD1.75 billion.

The fund had a target of USD1.3 billion and was substantially oversubscribed, hitting its hard cap.
 
Pomona Capital VIII, like its predecessor funds, seeks to purchase interests in high-quality private equity funds, as well as portfolios of private equity-backed companies.
 
"Over the years, Pomona has executed a differentiated middle-market value strategy in the secondaries business," says Pomona CEO Michael Granoff. "Our approach resonates with investors who recognise the long-term attractiveness of private equity but are concerned about risk."
 
Limited partners participating in the fund include pension funds, sovereigns, financial institutions, endowments, foundations, and family offices from over 25 countries. Strong support from existing investors was complemented by a significant number of new investors from across the globe.

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