Pomona Capital, a global private equity firm, has closed its tenth secondaries flagship fund, Pomona Capital X LP, with total commitments of $2.6 billion.
The fund closed oversubscribed and surpassed its $2 billion target and represents a 50 percent increase from its predecessor fund. The fund will seek to invest in both growth and value with enhanced liquidity and a lower risk profile.
“Over the years, Pomona has executed a differentiated, value-oriented strategy to secondaries investing,” stated Pomona CEO Michael Granoff. “Our approach resonates with investors who recognize the long-term attractiveness of private equity but are concerned about risk. Our modest fund size enables us to be nimble, flexible and creative to source what we believe to be higher than market quality assets at a lower than market price.”