Pomona Capital

Pomona Capital has run dedicated secondary funds focused on buying LP stakes in buyout and venture funds for three decades, closing its tenth flagship secondary fund oversubscribed at $2.6 billion in 2022.

Beyond its institutional funds, Pomona is known for the Pomona Investment Fund, an interval fund structure built in partnership with Voya Financial that gives individual accredited investors access to a diversified secondaries portfolio — one of the earlier attempts to bring the asset class to investors outside large institutions.

The firm's strategy centers on buying diversified LP portfolios at a discount to net asset value, then managing the run-off of those underlying fund positions to distributions over time.