Voya Investment Management (Voya IM), the asset management business of Voya Financial, has partnered with iCapital, a global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries.
Voya IM will leverage iCapital’s customised technology, service and diligence solution for financial advisors and their high-net-worth clients seeking access to Voya’s alternative and private fund offerings, starting with Pomona Investment Fund (PIF, a registered fund vehicle.
iCapital will digitise the subscription, administration, operational and reporting processes for PIF, which improves the efficiency of the investment process and helps ensure information is complete upon submission. PIF is managed by Pomona Capital, a global private equity firm specialising in secondaries investing and the private equity platform of Voya IM.
PIF is nearing its seven year anniversary and has approximately USD550 million in assets under management as of January 2022. PIF’s Class A shares delivered a net return of 44.35 per cent to investors for the year ended 31 December, 2021 and a net return of 16.88 per cent since inception.
With a USD25,000 minimum subscription requirement, and an investor-friendly tax reporting structure, PIF provides accredited investors with easier access to private equity opportunities. The majority of the Fund’s investments are in secondary interests in seasoned private equity funds, with a complementary focus on primary and direct commitments.
