Pomona partner Levitt leaves firm

Ryan Levitt, a decade-long veteran of the firm, has joined a turnaround, distressed debt and restructuring-focused investment firm, Secondaries Investor has learned.

Pomona Capital partner and portfolio manager Ryan Levitt, who is a Secondaries Investor Young Gun, has left the firm.

Levitt, who joined the New York-headquartered secondaries firm in 2007, left in March, according to two sources familiar with the matter. His LinkedIn profile shows he has joined Drum Capital Management, a Stamford, Connecticut-based turnaround, distressed debt and restructuring-focused investment firm.

It is understood the firm invests through primaries and co-investments and occasionally through secondaries.

Levitt was ranked fourth in the Young Guns of Secondaries Class of 2016 and led Pomona’s creation, registration and launch of its Pomona Investment Fund – a vehicle that allows high-net-worth retail investors to invest in the sector. He led the firm’s investments into energy secondaries and had made over $400 million of investments into the sector as of September 2016.

A spokeswoman for Pomona declined to comment on Levitt’s departure.

Pomona is in market with its ninth flagship fund, Pomona IX, which has a $1.75 billion target, according to PEI data.