Fund committed $326m in capital during 2016 compared with $629.7m the year before.
Pomona Investment Fund’s acquisitions included a stake in an Audax Group mezzanine fund which became the vehicle’s largest single fund exposure.
Mark Barbour-Smith has joined the advisory firm to focus on business operations as well as people and talent management.
The private equity veteran will transition to a senior advisor role and will step away from HarbourVest’s daily activities.
The asset management consultancy has added to its tax, financial regulation and fund restructuring expertise.
The vehicle has a specific focus on complex transactions, including GP-led restructurings.
The global investment manager is not using an intermediary to shop the bundle of stakes it acquired in a 2012 take-private deal, Secondaries Investor has learned.
The pension fund has appointed a new head after his predecessor completed a three-year contract.
The vehicle has increased its exposure to eight funds in total and has also broadened its strategy to target non-KKR-managed funds.
Bank loans used by GPs and backed by LP commitments could complicate stake sales processes, according to the veteran investor.