Pomona closes ninth fund on $1.8bn hard-cap

The fund was launched in November 2016 and held a first close on $850m in March 2017. It was already 5% deployed by June 2018, according to Unquote Data.

Pomona Capital VIII launched with a considerably lower target of $1.3bn in October 2012, but ended up hitting its $1.75bn hard-cap by April 2014. It is known to have backed buyout funds of European managers including Apax, Bridgepoint, Charterhouse and Cinven.

Investors
LPs include pension funds, sovereign wealth funds, financial institutions, endowments, foundations and family offices from 20 countries, according to a statement. Strong support from existing investors was complemented by a significant number of new investors from across the globe.

Pension funds from Florida, Wisconsin and the West Midlands are known to have backed previous vintages of the strategy.

Investments
The fund will continue with the strategy of its predecessors, buying stakes in private equity funds globally. The firm described its strategy as "disciplined" in a statement.

People
Pomona Capital – Michael Granoff (partner).

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