Over 25 years
of heritage.

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 $10 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.

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This video was recorded on June 7, 2018 during Pomona Capital’s 2018 Annual General Meeting in New York, New York.

Statements made in the video are the opinions of Pomona Capital and are subject to change without notice. Any time-sensitive representations and warranties in this video are made as of June 7, 2018, unless stated otherwise. There is no guarantee that every investment in a Pomona-sponsored fund will share one or more of the aforementioned characteristics. There is no assurance that a Pomona-sponsored fund’s investment objective will be achieved and there is no guarantee that any investment in a Pomona-sponsored fund will ultimately be profitable. Past performance is not an indication of future results.

This presentation does not constitute an offer to sell or a solicitation of an offer to buy interests or shares in any Pomona-sponsored fund.

Further information regarding the industry average discount referenced in the video may be found at: Greenhill Cogent – Secondary Market Trends & Outlook – January 2018, to www.greenhill.com. The “Discount” or “Average Discount to NAV” for any Pomona sponsored fund represents the discount to the net asset value of the underlying assets at the time of a transaction’s closing date (taking into account post-record date contributions and distributions) and adjusted to reflect the benefit of any deferred payments or for pending transactions. Discounts are subject to change and may differ due to rounding. There is no guarantee future discount rates will be similar. Discounts are based on underlying manager NAVs, which are estimated, unaudited and subject to change.

The reference to “Loss Ratio” includes all secondary investments of Pomona Capital I-IX as of June 7, 2018 and excludes primaries and non-secondary directs. Realized Losses are calculated (i) on a transaction-by-transaction basis accounting for transactions that are realized and unrealized that are below cost (1.0x), (ii) using paid-in capital less distributions and current net asset value of the transaction, and (iii) net of all actual underlying fund-level management fees, carried interest and expenses but gross of any Pomona fund-level management fees, carried interest and expenses.

The information contained in this video is copyrighted and proprietary to Pomona Capital and is confidential. This video may not be distributed, reproduced, transmitted, disseminated or otherwise be used in whole or in part without the written consent of Pomona Capital.

Additional supporting documentation or further information may be obtained by reaching out to IR@pomonacapital.com.

Pomona profile

Pomona Timeline

1994

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.

1998

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.

2000

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.

2001

Reaches $1 billion in capital commitments

Pomona reaches $1 billion in capital commitments, with the closing of
Pomona Capital V.

2004

Pomona's 10th anniversary

Pomona celebrates the firm’s 10^th anniversary. A firm that started with 2 people has grown to more than 30 professionals with over $2 billion in capital commitments.

2007

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.

2008

$5 billion in capital commitments reached

Pomona reaches $5 billion in capital commitments.

2012

Completes largest secondary transaction

Pomona completes its largest secondary transaction to date, a proprietary negotiated transaction valued at ~$750mn.

2014

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.

2015

Pomona launches the Pomona Investment Fund

The Pomona Investment Fund is a registered investment vehicle designed to give accredited investors easier access to private equity investing.

2018

$10 billion in capital commitments reached

Pomona 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.

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Over 25 years of heritage.