Pomona secondaries fund exceeds $1bn target

01 September 2009

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Fund

Global private equity firm Pomona Capital has held a final close of its seventh secondaries fund, Pomona Capital VII, at $1.3bn, surpassing its original $1bn target. The fund, which launched in early 2008 and is based in New York, is structured as a 10-year Delaware LP with a parallel Cayman Island LP; the vehicle has two possible one year extensions. Credit Suisse acted as placement agent for the fund, while Skadden Arps provided legal advice.

Investors

Limited partners contributing to the fund include US, European and Asian public and corporate pension funds, financial institutions, corporations, endowments, foundations and family offices.

Investments

Like its predecessors, the new vehicle will purchase interests in buyout and venture capital funds, as well as portfolios of private equity-backed companies. Investments will be diversified across the entire spectrum of private equity, as well as by industry and geography. Its predecessor, Pomona Capital VI, invested in more than 140 different funds globally over its lifetime.

People

CEO Michael Granoff will manage the fund, supported by a team of 40 investment professionals based in New York, London and Hong Kong.

Name: Pomona Capital VII

Closed on: $1.3bn

July 2009

Focus: Secondaries

Contact: Michele Bacik

Address: Pomona Capital

780 Third Avenue

New York, NY 10017-7076

Tel: +1 212 593 3639

Fax: +1 212 593 3987