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Adviser Profile

As of Date 09/09/2024
Adviser Type - Large advisory firm
Number of Employees 33 13.79%
of those in investment advisory functions 18 5.88%
Registration SEC, Approved, 12/5/2008
AUM* 13,279,575,042 8.82%
of that, discretionary 13,279,575,042 8.82%
Private Fund GAV* 9,213,808,428 -2.55%
Avg Account Size 698,925,002 20.27%
SMA’s Yes
Private Funds 37 3
Contact Info 212 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- Insurance companies

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
12B 10B 9B 7B 5B 3B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count37 GAV$9,213,808,428

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Brochure Summary

Overview

Pomona Capital (“the Advisor” or “Pomona”) is a Delaware limited liability company founded in 1994 and is an independent manager of private equity and limited partnership interests in private equity funds which are offered through a variety of investment products including unregistered funds, co-investment funds, separate accounts and registered funds (the “Pomona Capital Funds,” “Clients” or “Funds”). The Funds may purchase investments through both the secondary market or directly from private equity issuers. Currently, Pomona Capital’s only registered fund is Pomona Investment Fund. Pomona Capital’s principal place of business is in New York and maintains subsidiaries in London and Hong Kong. Pomona Capital Asia Limited (“Pomona Asia”) is incorporated in Hong Kong and provides research services solely to Pomona Capital. Pomona Europe Advisors Ltd. (“Pomona Europe”) is incorporated in the United Kingdom and authorized and regulated by the Financial Conduct Authority in the United Kingdom to provide research services to Pomona. Pomona Capital has raised ~$17.7 billion in capital commitments across its sponsored-funds and separate accounts since 1994. Pomona Capital is a registered investment adviser which has been registered since December 5, 2008. Pomona Capital is wholly-owned by Voya Pomona Holdings LLC. Voya Pomona Holdings LLC is wholly owned by Voya Investment Management Alternative Assets LLC (“Voya IMAAM”). Voya IMAAM is a wholly owned subsidiary of Voya Investment Management LLC (“Voya IM LLC”), a registered investment adviser, which in turn is a wholly owned subsidiary of VIM Holdings LLC, a Delaware limited liability company. Voya Financial, Inc., (NYSE: VOYA) a publicly traded company, holds a 76% economic stake in VIM Holdings LLC through its subsidiary Voya Holdings Inc. As of July 25, 2022, Allianz SE, a stock corporation organized and existing under the laws of the European Union and the Federal Republic of Germany (“Allianz”), holds an indirect 24% economic stake in VIM Holdings LLC as a result of a transaction combining Voya IM LLC with the assets and teams comprising specified transferred strategies formerly managed by Allianz Global Investors U.S. LLC.. Pomona Capital and/or its affiliates provide financial, investment and portfolio analysis services as required for the benefit of its Funds and Clients. Pomona Capital’s primary investment focus is to seek capital appreciation by acquiring, holding and realizing a diversified portfolio of private investment fund interests (“investment funds”) through secondary market purchases. Pomona Capital also provides advice with respect to making “primary market” commitments to new private investment funds that have recently been formed and participating in other opportunistic transactions that are sponsored by managers or general partners of private investment funds. The Pomona Capital Funds generally seek capital appreciation through investments in private investment funds and privately held portfolio companies, but may also have exposure to or make investments, from time to time, in publicly traded securities. Pomona Capital tailors its advisory services to the specific investment objectives and restrictions of each Pomona Capital Fund pursuant to the investment guidelines and restrictions set forth in each Pomona Capital Fund’s confidential private placement memorandum, limited partnership agreement, prospectus, advisory agreements and other governing documents (collectively, the “Governing Documents”). Investors and prospective investors of each Pomona Capital Fund should refer to the Governing Documents of the applicable Pomona Capital Fund for complete information on the investment objectives and investment restrictions with respect to such Pomona Capital Fund. There is no assurance that any of the Pomona Capital Funds’ investment objectives will be achieved. The
Pomona Capital Funds are offered exclusively to “accredited investors” and/or “qualified purchasers” as such terms are defined in Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) and in Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”), and, with the exception of Pomona Investment Fund (“PIF”), Pomona’s sole registered fund, are not required to register as investment companies under the Company Act in reliance upon certain exemptions available to private investment funds whose securities are not publicly offered. Pomona Investment Fund is a closed-end investment management company, registered as such under the Company Act. A related entity of Pomona Capital generally acts as general partner of each unregistered Pomona Capital Fund, and Pomona Capital is the investment manager of each Pomona Capital Fund. In accordance with common industry practice, one or more of the Pomona Capital Funds’ general partners have, and may in the future, enter into “side letters” or similar agreements with certain investors pursuant to which the general partner grants the investor specific rights, benefits, or privileges that are not made available to investors generally. Pomona Capital has an advisory program whereby it provides investment advice on a non- discretionary basis to a third-party account with respect to making primary market commitments to new private investment funds (the “Non-Discretionary Program”). In October 2019, Pomona Capital began providing portfolio management services on a discretionary basis to certain discretionary separate account clients (the “Discretionary Clients”) with respect to making primary market commitments to new private investment funds on behalf of the Discretionary Clients (the “Primary Program”). With respect to the Non-Discretionary Program, following each primary investment recommendation made by Pomona Capital’s Investment Committee, the third-party account then makes an independent determination, based on discussions and analysis performed internally, as to whether it will participate in the recommended primary market commitment. With respect to the Primary Program, Pomona’s Investment Committee determines and commits to primary market commitments directly on behalf of the Discretionary Clients. A primary commitment made through the Non-Discretionary Program or Primary Program may benefit Pomona Capital when seeking to purchase interests for the benefit of a Pomona Capital Fund in the same underlying fund or other funds sponsored by the same investment manager in the secondary market. An investment manager may be more likely to approve the secondary market purchase of an interest in a fund it sponsors by a Pomona Capital Fund due to a prior or contemporaneous commitment made by a Discretionary Client through the Primary Program or the third-party account through the Non-Discretionary Program to a new fund sponsored by the same investment manager. While Pomona Capital endeavors at all times to recommend and commit to high quality investments with respect to the Non-Discretionary Program and the Primary Program, such situations may create a potential conflict of interest with respect to such recommendations and commitments because of the potential benefit to a Pomona Capital Fund in the secondary market with respect to access to such investment manager’s funds. Pomona Capital does not participate in or advise any wrap fee programs. Pomona Capital manages the majority of the assets of the Pomona Capital Funds on a discretionary basis in accordance with the terms and conditions of each Pomona Capital Fund’s Governing Documents. Pomona Capital managed regulatory assets of approximately $13.1 billion on a discretionary basis as of September 30, 2023 (which is the most recent data available that can be used for this calculation).