Over 28 years
Founded during the inception of secondary markets, Pomona Capital has relentlessly improved and evolved its investment approach.
Founded in 1994, Pomona Capital is a global private equity firm that specializes in investing across the spectrum in three ways: by purchasing secondary interests in existing partnerships, by investing in new partnerships, and by co-investing alongside buyout funds in individual companies.
Since our first secondary interest purchase in 1994, Pomona has become a global leader in the secondary market. This unique vantage point helps provide us with access to primary investments. We also added a co-investment business to further leverage our analytical experience and our deep relationships with fund managers.
Headquartered in New York City with offices in London and Hong Kong, Pomona’s deeply experienced team has over $15.4 billion in capital commitments across its sponsored funds since inception, with interests in over 600 diversified funds and 8,500 companies. Since 2000, our strategic partnership with Voya Investment Management (NYSE:VOYA), a banking and insurance company, has enhanced our global reach and access to capital, while enabling us to keep full operational autonomy. Pomona is also backed by over 350 global investors from more than 25 countries.
Pomona has always managed investors’ capital with a perspective of achieving long-term capital appreciation with enhanced liquidity and a lower risk profile. We seek to do this by aligning our core values with the interests of our investors and relentlessly focusing on our disciplined investment strategy. We are not buying a slice of the generic secondaries market and we seek a measure of protection in the way we choose our investments, as well as in the way we manage our funds.
Pomona Capital is founded
Pomona Capital is founded by Michael Granoff, creating a private equity firm that would approach PE investing through a value-oriented strategy, entailing the purchase of secondary interests from LPs in existing PE funds. Michael partners with Fran Janis and Pomona raises its first flagship secondary fund, Pomona Capital I, with $42 million in commitments from limited partners. Steve Futrell joins in early 1995 as the firm’s Chief Financial Officer.
London office opens
Pomona Capital opens an office in London expanding the firm’s reach into Europe.
Pomona begins its primary fund of funds business.
Strategic partnership with ING
Pomona forms a strategic partnership with the ING Investment Management (now known as Voya Investment Management (NYSE:VOYA), a banking and insurance company.
Reaches $1 billion in capital commitments
Pomona reaches $1 billion in capital commitments, with the closing of
Pomona Capital V.
Pomona's 10th anniversary
Pomona celebrates the firm’s 10th anniversary. A firm that started with 2 people has grown to more than 30 professionals with over $2 billion in capital commitments.
Hong Kong office opens
Pomona opens an office in Hong Kong to expand the firm’s reach and presence in Asia. The firm also raises Pomona Capital VII ($1.3bn), Pomona’s first secondary fund with more than a $1 billion in capital commitments.
$5 billion in capital commitments reached
Pomona reaches $5 billion in capital commitments.
Completes largest secondary transactionPomona completes its largest secondary transaction to date, a proprietary negotiated transaction valued at ~$750mn.
Pomona's 20th anniversary
Over 20 years, the firm has grown to over 40 professionals and a global platform with offices in New York, London and Hong Kong. This year, the firm closed its eighth secondaries flagship fund, Pomona Capital VIII, with commitments of $1.75 billion. The fund had an original target of $1.3 billion and was substantially oversubscribed, hitting its hard cap.
Pomona launches the Pomona Investment FundThe Pomona Investment Fund is a registered investment vehicle designed to give accredited investors easier access to private equity investing.
$10 billion in capital commitments reachedPomona reaches over $10 billion in capital commitments. This year, the Firm also closed its ninth secondary flagship fund, Pomona Capital IX, with commitments nearing $1.8 billion.
Pomona’s 25th anniversary
Pomona celebrates its 25th anniversary with over 40 professionals, a global presence with offices in New York, London and Hong Kong, and capital commitments of $10.7 billion.