| | | |
Public Offering Price(1)
|
| |
Proceeds to the Fund(2)
|
|
| Class A Shares | | |
At current NAV, plus a sales load of up to 3.0%
|
| |
Amount invested at current NAV less sales load
|
|
| Class I Shares | | |
At current NAV
|
| |
Amount invested at current NAV
|
|
| Class M2 Shares | | |
At current NAV
|
| |
Amount invested at current NAV
|
|
| Total | | |
Up to $500,000,000
|
|
Investment Amount
|
| |
Sales Load
|
| |||
Less than $99,999
|
| | | | 3.0% | | |
$100,000 – $249,999
|
| | | | 2.0% | | |
$250,000 – $999,999
|
| | | | 1.5% | | |
$1,000,000 – $4,999,999
|
| | | | 1.0% | | |
$5,000,000 and above
|
| | | | 0.0% | | |
| | | | | 1 | | | |
| | | | | 30 | | | |
| | | | | 32 | | | |
| | | | | 33 | | | |
| | | | | 33 | | | |
| | | | | 33 | | | |
| | | | | 33 | | | |
| | | | | 34 | | | |
| | | | | 41 | | | |
| | | | | 56 | | | |
| | | | | 57 | | | |
| | | | | 59 | | | |
| | | | | 61 | | | |
| | | | | 61 | | | |
| | | | | 63 | | | |
| | | | | 66 | | | |
| | | | | 70 | | | |
| | | | | 73 | | | |
| | | | | 73 | | | |
| | | | | 82 | | | |
| | | | | 83 | | | |
| | | | | 84 | | | |
| | | | | 85 | | | |
| | | | | 87 | | | |
| | | | | 87 | | | |
| | | | | 88 | | |
| | |
Target Range
|
|
Investment Type | | | ||
Secondary Investments
|
| |
50 – 100%
|
|
Primary Investments (including seasoned primary investments)
|
| |
0 – 40%
|
|
Direct Investments
|
| |
0 – 20%
|
|
Investment Opportunities | | | ||
Buyout
|
| |
50 – 80%
|
|
Growth Capital and Venture Capital
|
| |
0 – 20%
|
|
Private Infrastructure and Mezzanine
|
| |
0 – 20%
|
|
Other
|
| |
0 – 20%
|
|
Geographic Regions | | | ||
North America
|
| |
60 – 100%
|
|
Europe
|
| |
0 – 25%
|
|
Rest of the World
|
| |
0 – 15%
|
|
| | |
Class A
Shares |
| |
Class I
Shares |
| |
Class M2
Shares |
| |||||||||
SHAREHOLDER TRANSACTION EXPENSES | | | | | | | | | | | | | | | | | | | |
Maximum Sales Load (percentage of purchase amount)(1)
|
| | | | 3.00% | | | | | | None | | | | | | None | | |
Maximum Early Repurchase Fee(2)
|
| | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | |
ANNUAL EXPENSES (as a percentage of net assets attributable
to Shareholders)(1) |
| | | | | | | | | | | | | | | | | | |
Management Fee
|
| | | | 1.65% | | | | | | 1.65% | | | | | | 1.65% | | |
Acquired Fund Fees and Expenses(3)
|
| | | | 1.03% | | | | | | 1.03% | | | | | | 1.03% | | |
Distribution and Servicing Fee
|
| | | | 0.55% | | | | | | 0.00% | | | | | | 0.00% | | |
Other Expenses(4)
|
| | | | 1.42% | | | | | | 1.42% | | | | | | 1.42% | | |
Interest Payments on Borrowed Funds
|
| | | | 0.06% | | | | | | 0.06% | | | | | | 0.06% | | |
Total Annual Fund Expenses
|
| | | | 4.71% | | | | | | 4.16% | | | | | | 4.16% | | |
Less Expense Limitation and Reimbursement(5)
|
| | | | (0.32)% | | | | | | (0.32)% | | | | | | (0.32)% | | |
Annual Net Expenses(6)
|
| | | | 4.39% | | | | | | 3.84% | | | | | | 3.84% | | |
Investment Amount
|
| |
Sales Load
|
| |||
Less than $99,999
|
| | | | 3.0% | | |
$100,000 – $249,999
|
| | | | 2.0% | | |
$250,000 – $999,999
|
| | | | 1.5% | | |
$1,000,000 – $4,999,999
|
| | | | 1.0% | | |
$5,000,000 and above
|
| | | | 0.0% | | |
| | |
1-year
|
| |
3-years
|
| |
5-years
|
| |
10-years
|
| ||||||||||||
Class A Shares
|
| | | $ | 73 | | | | | $ | 165 | | | | | $ | 258 | | | | | $ | 492 | | |
Class I Shares
|
| | | $ | 39 | | | | | $ | 123 | | | | | $ | 210 | | | | | $ | 432 | | |
Class M2 Shares
|
| | | $ | 39 | | | | | $ | 123 | | | | | $ | 210 | | | | | $ | 432 | | |
Class and Year Ended
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) |
| |
Asset Coverage
Per Unit(2) |
| |
Involuntary
Liquidating Preference Per Unit(3) |
| |
Average
Market Value Per Unit(4) |
| ||||||||||||
Credit Facility (Barclays) | | | | | | | | | | | | | | | | | | | | | | | | | |
March 31, 2021
|
| | | $ | 11,971,740 | | | | | | 28.50 | | | | | | — | | | | | | N/A | | |
Investment Type
|
| |
Target Range
|
|
Secondary Investments
|
| |
50 – 100%
|
|
Primary Investments (including seasoned primary investments)
|
| |
0 – 40%
|
|
Direct Investments
|
| |
0 – 20%
|
|
Investment Opportunities | | | | |
Buyout
|
| |
50 – 80%
|
|
Growth Capital and Venture Capital
|
| |
0 – 20%
|
|
Private Infrastructure and Mezzanine
|
| |
0 – 20%
|
|
Other
|
| |
0 – 20%
|
|
Geographic Regions | | | | |
North America
|
| |
60 – 100%
|
|
Europe
|
| |
0 – 25%
|
|
Rest of the World
|
| |
0 – 15%
|
|
Name and Title
|
| |
Fund
Responsibility |
| |
Years Primarily
Responsible |
| |
Five Year Employment History
|
|
Michael Granoff, Chief Executive Officer | | |
Portfolio Manager
|
| | March 2018 – Present | | | Chief Executive Officer, Pomona Management LLC | |
Frances Janis, Senior Partner | | |
Portfolio Manager
|
| | April 2015 – Present | | | Senior Partner, Pomona Management LLC | |
Lorraine Hliboki, Partner
|
| |
Portfolio Manager
|
| | March 2018 – Present | | |
Partner, Pomona Management LLC
|
|
Sebastien Bowen, Partner
|
| |
Portfolio Manager
|
| | May 2022 – Present | | |
Partner, Pomona Management LLC
|
|
Patrick Madaus, Partner | | |
Portfolio Manager
|
| | May 2022 – Present | | |
Partner, Pomona Management LLC;
Principal, Pomona Management LLC |
|
Jim Rorer, Partner | | |
Portfolio Manager
|
| | May 2022 – Present | | |
Partner, Pomona Management LLC
|
|
John Stephens, Partner | | |
Portfolio Manager
|
| | May 2022 – Present | | |
Partner and Chief Financial Officer, Pomona Management LLC;
Chief Financial Officer, Pomona Management LLC |
|
Adam Konopolsky, Vice President | | |
Portfolio Manager
|
| | May 2022 – Present | | | Vice President, Pomona Management LLC; Manager, Pomona Management LLC | |
Investment Amount
|
| |
Sales Load
|
| |||
Less than $99,999
|
| | | | 3.0% | | |
$100,000 – $249,999
|
| | | | 2.0% | | |
$250,000 – $999,999
|
| | | | 1.5% | | |
$1,000,000 – $4,999,999
|
| | | | 1.0% | | |
$5,000,000 and above
|
| | | | 0.0% | | |
(1)
|
| |
(2)
|
| |
(3)
|
| |
(4)
|
| |||||||||
Title of Class
|
| |
Amount
Authorized |
| |
Account Held by the
Fund or for its Account |
| |
Amount Outstanding
Exclusive of Amount Under Column (3) |
| |||||||||
Common shares of beneficial interest
|
| | | | Unlimited | | | | | | — | | | | | | 26,032,370 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 15 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 27 | | | |
| | | | | 28 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 30 | | | |
| | | | | 30 | | | |
| | | | | A-1 | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 15 | | | |
| | | | 17 | | | |
| | | | 18 | | | |
| | | | 27 | | | |
| | | | 28 | | | |
| | | | 29 | | | |
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| | | | 29 | | | |
| | | | 29 | | | |
| | | | 30 | | | |
| | | | 30 | | | |
| | | | A-1 | | |
|
Name, Age and
Address |
| |
Position(s)
Held with Registrant |
| |
Length of
Time Served* |
| |
Principal
Occupation(s) During Past 5 Years |
| |
Number of
Portfolios Overseen in Fund Complex |
| |
Other
Trusteeships/ Directorships Held Outside the Fund Complex** |
|
| Independent Trustees | | | | | | | | | | | | | | | | |
|
Anthony Bowe (64)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Trustee | | |
January 2015 –
Present |
| | Co-Head of The Credit Suisse Private Fund Group (private investment placement agent and advisor) (1998 -2014). | | | 1 | | | None | |
|
Richard D’Amore (67)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Trustee | | |
January 2015 –
Present |
| | Co-Founder and General Partner of North Bridge Venture Partners (venture capital firm) (1999 -present). | | | 1 | | | Director, Veeco Instruments, Inc. | |
|
Edwin A. Goodman (81)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Trustee | | |
January 2015 –
Present |
| | General Partner of Activate Venture Partners and Co-Founder and General | | | 1 | | | None | |
|
Name, Age and
Address |
| |
Position(s)
Held with Registrant |
| |
Length of
Time Served* |
| |
Principal
Occupation(s) During Past 5 Years |
| |
Number of
Portfolios Overseen in Fund Complex |
| |
Other
Trusteeships/ Directorships Held Outside the Fund Complex** |
|
| | | | | | | | | |
Partner of Milestone Venture Partners (predecessor of Active Venture Partners) (venture capital firms) (1999 −
present). |
| | | | | | |
|
Name, Age and
Address |
| |
Position(s)
Held with Registrant |
| |
Length of
Time Served* |
| |
Principal
Occupation(s) During Past 5 Years |
| |
Number of
Portfolios Overseen in Fund Complex |
| |
Other
Trusteeships/ Directorships Held Outside the Fund Complex** |
|
| Interested Trustees | | | | | | | | | | | | | | | | |
|
Michael D. Granoff (63)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Trustee, President and Principal Executive Officer | | |
August 2014 –
Present |
| | Chief Executive Officer of Pomona Management LLC (1994-present). | | | 1 | | | None | |
|
Michael J. Roland (63)
7337 East Doubletree Ranch Road, Suite 100 Scottsdale, AZ 85258 |
| | Trustee | | |
January 2015 –
Present |
| |
Managing Director and Chief Operating Officer, Voya Investments, LLC and Voya Funds Services, LLC (April 2012 −
April 2018). Formerly, Chief Compliance Officer, Directed Services LLC and Voya Investments, LLC (March 2011 − December 2013), Executive Vice |
| | 1 | | | None | |
|
Name, Age and
Address |
| |
Position(s)
Held with Registrant |
| |
Length of
Time Served* |
| |
Principal
Occupation(s) During Past 5 Years |
| |
Number of
Portfolios Overseen in Fund Complex |
| |
Other
Trusteeships/ Directorships Held Outside the Fund Complex** |
|
| | | | | | | | | |
President and Chief Operating Officer, Voya Investments, LLC and Voya Funds Services, LLC (January 2007 −
April 2012) and, Chief Compliance Officer, Voya Family of Funds (March 2011 − February 2012). |
| | | | | | |
|
Name, Age and Address
|
| |
Position(s) Held with
Registrant |
| |
Length of Time Served*
|
| |
Principal Occupation(s)
During Past 5 Years |
|
| Officers | | | | | | | | | | |
|
Michael D. Granoff (63) 780 Third Avenue
46th Floor New York, NY 10017 |
| | President and Principal Executive Officer | | | August 2014 – Present | | | Chief Executive Officer of Pomona Management LLC (1994 – present). | |
|
Frances Janis (63)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Treasurer and Principal Financial Officer | | | August 2014 – Present | | | Secretary, Pomona Investment Fund (August 2014 – May 2022); Senior Partner, Pomona Management LLC (1994 – present). | |
| John Stephens (53) | | | Secretary | | | May 2022 – Present | | | Partner and Chief Financial Officer, Pomona Management LLC (2018 – present); Chief Financial Officer, Pomona Management LLC (2015 – 2018). | |
|
Name of Trustee
|
| |
Dollar Range of Equity Securities in
the Fund |
| |
Aggregate Dollar Range of Equity
Securities in All Registered Investment Companies Overseen by Trustee in Family of Investment Companies |
|
| Independent: | | | | | | | |
| Anthony Bowe | | |
None
|
| |
None
|
|
| Richard D’Amore | | |
None
|
| |
None
|
|
| Edwin A. Goodman | | |
None
|
| |
None
|
|
| Interested: | | | | | | | |
| Michael D. Granoff | | |
None
|
| |
None
|
|
| Michael J. Roland | | |
$50,001 – $100,000
|
| |
$50,001 – $100,000
|
|
Name of Trustee
|
| |
Aggregate
Compensation from the Fund(1) |
| |
Total Compensation from
the Fund Complex Payable to Trustees(1) |
| ||||||
Independent: | | | | | | | | | | | | | |
Anthony Bowe
|
| | | $ | 50,000 | | | | | $ | 50,000 | | |
Richard D’Amore
|
| | | $ | 50,000 | | | | | $ | 50,000 | | |
Edwin A. Goodman
|
| | | $ | 50,000 | | | | | $ | 50,000 | | |
Interested: | | | | | | | | | | | | | |
Michael D. Granoff
|
| | | $ | 0 | | | | | $ | 0 | | |
Michael J. Roland
|
| | | $ | 0 | | | | | $ | 0 | | |
| | |
Number of
Accounts |
| |
Total Assets in
Accounts ($ million) |
| ||||||
Registered Investment Companies
|
| | | | 0 | | | | | $ | 0 | | |
Other Pooled Investment Vehicles
|
| | | | 18 | | | | | $ | 6,976 | | |
Other Accounts
|
| | | | 1 | | | | | $ | 2,265 | | |