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Pomona Capital closes ninth secondary fund over USD1.75bn target

Pomona Capital, a global private equity firm specialising in secondaries investing, has held the final close of its ninth secondaries flagship fund, Pomona Capital IX. The fund was oversubscribed and capped at USD1.8 billion.

Limited partners in the Fund include pension funds, sovereign wealth funds, 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.
Of Pomona’s recent achievement, Pomona Founder & CEO Michael Granoff, says: “Pomona Capital IX, like its eight predecessor funds, will execute a disciplined secondaries investing approach by seeking to buy high quality assets at better than market prices.”
Pomona is one of the earliest pioneers in the secondary private equity investing space. With nearly 25 years of experience providing efficient liquidity solutions for investors, the senior investment team at Pomona has an average tenure of 13 years together. With offices around the world, Pomona engages with investors and assets on a global scale.
Granoff adds: “Over the years, Pomona has applied a targeted method of buying diverse, mature assets, managed by leading private equity general partners, at meaningful discounts. Utilizing our extensive network developed over two decades, our team proactively sources differentiated deal flow and identifies those assets with high growth potential and near-term liquidity.”
Today’s macroeconomic and private equity environments create interesting, and also challenging opportunities in the secondaries market.
“What differentiates Pomona today is our methodical approach to secondaries investing and our ability to be selective and patient; we believe this approach is well-suited to the current environment,” noted Granoff.

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