Pomona Capital nears end of marketing on Fund VIII

throwingcash

Pomona Capital’s fundraising for its eighth secondary fund appears to be coming to an end.

The firm has collected about $1.4 billion in commitments, beyond its $1.3 billion target, according to a person with knowledge of the fundraising. It’s not clear what the final tally will be, but could end up around $1.5 billion to $1.6 billion, the person said. The hard cap on Fund VIII is $1.75 billion.

Fundraising could finish this quarter, the person said. Pomona held a first close on Fund VIII in October 2012. The firm declined to comment about fundraising.

Fund VIII has begun deploying capital. Pomona made an early investment from Fund VIII, buying a portfolio of LP commitments from its parent company, ING. The LP stakes were sold at a discount to net asset value, Private Equity International reported last year. The deal gave investors an immediate view into the assets in Fund VIII, removing some of the “blind pool” aspects of the fund.

Pomona closed its seventh fund on $1.3 billion in 2009.

Photo courtesy of Shutterstock.

Related Posts

Leave a Reply

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget