Pomona Investment Fund, a closed-ended fund targeting retail investors, was $50.8 million in size, including nearly 41 percent invested in secondaries investments as of 30 June, according to a regulatory filing with the Securities and Exchange Commission dated 28 August.
Of the $20.8 million secondaries exposure, more than half – $11.03 million – is invested in Insight Venture Partners funds. This includes a $3.2 million exposure to Insight Venture Partners VII, a $3 million exposure to Insight Venture Partners VIII and a $2.5 million exposure to Insight Venture Partners VI.
More than 59 percent of the fund is invested in a money market fund.
Pomona Investment Fund, which is managed by New York-based Pomona Capital and distributed by Voya Investments Distributor, requires a $25,000 minimum investment.
The other secondaries investments the fund is exposed to are:
|Advent International GPE VII||$2.06 million|
|Clyde Blowers Capital Fund III||$1.84 million|
|DCM V||$1.56 million|
|DCM V||$1.7 million|
|Madison International Real Estate Liquidity Fund V||$98,552|
|Oaktree Private Investment Fund 2010||$172,280|
|Sankaty Credit Opportunities V||$991,119|
|TPG Opportunities Partners III||$18,895|
|Wellspring Capital Partners IV||$1.1 million.|
When announcing the new fund in May, Pomona said it would seek to have the majority of its investments in secondaries interests in seasoned private equity funds and that it would supplement the focus with primary and direct investments.
Pomona Capital is the private equity platform for Voya Investment Management.