NEW YORK & LONDON & HONG KONG, November 28, 2023--Pomona Capital, a global private equity firm specializing in secondaries investing, has made a significant commitment to help build the private equity portfolio of a new Illinois pension plan. This move marks a strategic partnership aimed at diversifying the pension plan's investment portfolio through secondaries investments.
This article is sponsored by Pomona Capital. Michael Granoff. To what extent have private markets valuations reset in the current macroeconomic environment? How should investors be positioning themselves?
The last day of September 2023 was very good for Hamilton Lane Private Assets Fund. It recorded a 39% gain on a group of investments it had made earlier in the year. The fund has been actively investing in private equity secondaries, taking advantage of the opportunities presented by market dislocations and the ongoing evolution of the private equity landscape.
XA Investments partner Kim Flynn (pictured) looks back at some of the most successful interval and tender offer funds of 2023. These innovative fund structures have gained popularity among investors looking for alternative investment options in a volatile market environment.
Pomona is an international private equity firm with over $16.8 billion in aggregate capital commitments as of January 1, 2023 across its various investment funds. The firm's expertise in secondaries investing has positioned it as a trusted partner for institutional investors seeking to access the private equity asset class.
Having just closed its tenth secondary fund at $2.6 billion, Pomona Capital is one of a number of secondary shops seeing rapidly growing demand for their investment strategies. The firm's track record of delivering strong returns and its deep industry relationships have contributed to its success in attracting capital from a diverse set of investors.
Details of the firm's fundraise were revealed in an earnings call for parent company Voya Financial this week. The successful fundraising effort underscores the strong investor appetite for private equity secondaries and the confidence in Pomona Capital's ability to generate attractive returns in the current market environment.
Whether it's tenders, intervals, evergreens or hybrids, the private funds industry is seeing a re-emergence of novel fund structures. Investors are increasingly looking for innovative ways to access alternative investments and diversify their portfolios in an effort to enhance returns and manage risk effectively.
