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Laxman Pai, Opalesque Asia: Secondaries-focused alternative manager, Pomona Capital has soared past the tenth flagship fund goal to reach over $2.4bn of commitments.
Pomona Capital X (PC X) is oversubscribed and capped, exceeding its $2 billion target by 30% and is about 50% larger than its predecessor fund, Pomona Capital IX, which collected about $1.8 billion, said a press release from the global private equity firm specializing in secondary investments.
The fund's primary, co-investment interests and its retail product offering together have contributed to the firm's growth momentum and 23% CAGR over the past five years.
"Pomona Capital X, like its nine predecessor secondary funds, seeks to distribute on a fundamental basis of secondary investments; Solutions for both growth and value with increased liquidity and low-risk profile," said the release.
Limited partners in the fund include pension funds, sovereign wealth funds, insurance companies, financial institutions, endowments, foundations, and family offices from approximately 20 countries. The strong support from existing investors was complemented by a large number of new investors from around the world.
Today's macroeconomic and private equity environment creates interesting, and also challenging, opportunities in the secondary market, the release said.
The Pomona Investment Fund, the firm's retail product offering, grew $400 million or 85% CAGR in assets under management in 24 months as retail...................... To view our full article Click here
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