Pomona promotes CFO to partner

John Stephens's promotion comes as the secondaries firm seeks $1.75bn for Fund IX.

Pomona Capital has promoted its chief financial officer and former Asia head to partner after around seven years at the firm.

John Stephens joined the secondaries firm in 2011 and led its Hong Kong office before becoming CFO in 2015, according to a statement. He is now based in Pomona’s New York headquarters and will continue to lead the finance and accounting team.

A nearly 20-year veteran of private equity, Stephens was previously managing partner and co-founder of emerging markets focused fund of funds EMAlternatives.

Pomona is seeking $1.75 billion for its Pomona Capital IX fund, which launched in March, according to PEI data. The firm counts Chicago Firemen’s Annuity & Benefit Fund, Oklahoma Firefighters Pension & Retirement System and City of Tallahassee Pension Fund among its limited partners.

The firm has around $9.5 billion in aggregate capital commitments and employs 40 professionals based in three global offices including London.