Key Takeaways
- • Pomona Capital is seeking to raise $3bn for its latest secondaries fund, according to PEI Private Equity.
- • The fundraising target is backed in part by a new Illinois pension plan seeking to build its private equity portfolio through a secondaries commitment.
- • The story is categorized under PEI's Fundraising coverage, indicating the vehicle is in active marketing to institutional investors.
Summary
Pomona Capital is looking to raise $3bn for its latest secondaries fund, according to a report from PEI Private Equity dated 26 February 2024. The article, written by Gregg Gethard, frames the raise around institutional demand for secondaries exposure, noting that a new Illinois pension plan is seeking to build its private equity portfolio through a secondaries commitment.
Secondaries funds acquire existing limited partner interests in private equity funds or make direct purchases of assets from sellers seeking liquidity, and they have attracted growing allocations from pensions and other institutional investors looking to shorten the J-curve and gain exposure to seasoned portfolios. The Pomona target of $3bn would position the vehicle as a sizeable entrant in the secondaries market.
The primary source is brief and does not provide additional detail on fund structure, strategy allocation, fundraising timeline, or the identity of the Illinois pension plan. Readers seeking details on the vehicle's investment focus, first close status, or anchor commitments should consult the PEI Private Equity original or subsequent fundraising disclosures.
Secondaries funds acquire existing limited partner interests in private equity funds or make direct purchases of assets from sellers seeking liquidity, and they have attracted growing allocations from pensions and other institutional investors looking to shorten the J-curve and gain exposure to seasoned portfolios. The Pomona target of $3bn would position the vehicle as a sizeable entrant in the secondaries market.
The primary source is brief and does not provide additional detail on fund structure, strategy allocation, fundraising timeline, or the identity of the Illinois pension plan. Readers seeking details on the vehicle's investment focus, first close status, or anchor commitments should consult the PEI Private Equity original or subsequent fundraising disclosures.
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