Pomona targets $1.75bn for Fund IX

The fund of funds manager is back in market with Pomona Capital IX, according to a US regulatory filing.

Pomona Capital is seeking to raise $1.75 billion for its latest dedicated secondaries fund two years after holding the final close on its previous vehicle.

The New York-headquartered fund of funds manager is back in market with Pomona Capital IX, according to a filing with the Securities and Exchange Commission. The fund has not yet raised any capital, according to the filing.

Fund IX’s predecessor, Pomona Capital VIII, beat its $1.3 billion target to close on its $1.75 billion hard-cap in 2014, according to PEI Research and Analytics. Investors in Fund VIII include Oklahoma Firefighters Pension & Retirement System, City of Tallahassee Pension Fund and Town of Palm Beach Retirement System, according to PEI data.

Pomona had $8.1 billion of aggregate capital commitments as of 1 December, according to its website. The firm has offices in London and Hong Kong in addition to its headquarters.

A spokeswoman for Pomona did not return a request for comment by press time.