| | | |
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
|
|
| Total | | |
Up to $1,500,000,000
|
|
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 | | | |
| | | | | 69 | | | |
| | | | | 72 | | | |
| | | | | 72 | | | |
| | | | | 81 | | | |
| | | | | 83 | | | |
| | | | | 83 | | | |
| | | | | 84 | | | |
| | | | | 86 | | | |
| | | | | 86 | | |
| | |
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 |
| ||||||
SHAREHOLDER TRANSACTION EXPENSES | | | | | | | | | | | | | |
Maximum Sales Load (percentage of purchase amount)(1)
|
| | | | 3.00% | | | | | | None | | |
Maximum Early Repurchase Fee(2)
|
| | | | 2.00% | | | | | | 2.00% | | |
ANNUAL EXPENSES (as a percentage of net assets attributable to Shareholders)(1)
|
| | | | | | | | | | | | |
Management Fee
|
| | | | 1.65% | | | | | | 1.65% | | |
Distribution and Servicing Fee
|
| | | | 0.55% | | | | | | 0.00% | | |
Other Expenses(3)
|
| | | | 0.69% | | | | | | 0.69% | | |
Other Class Specific Expenses
|
| | | | 0.01% | | | | | | 0.00% | | |
Commitment Fees
|
| | | | 0.06% | | | | | | 0.06% | | |
Recoupment of Previously Waived Fees or Reimbursed Expenses(4)
|
| | | | 0.08% | | | | | | 0.02% | | |
Total Other Expenses
|
| | | | 0.84% | | | | | | 0.77% | | |
Interest Expense on Borrowings
|
| | | | 0.45% | | | | | | 0.45% | | |
Acquired Fund Fees and Expenses(5)
|
| | | | 0.94% | | | | | | 0.94% | | |
Total Annual Fund Operating Expenses
|
| | | | 4.43% | | | | | | 3.81% | | |
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 | | | | | $ | 160 | | | | | $ | 248 | | | | | $ | 472 | | |
Class I Shares
|
| | | $ | 38 | | | | | $ | 116 | | | | | $ | 196 | | | | | $ | 404 | | |
Class and Year Ended
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) |
| |
Asset Coverage
Per $1,000 of Indebtedness(2) |
| |
Involuntary
Liquidating Preference Per Unit(3) |
| |
Average
Market Value Per Unit(4) |
| ||||||||||||
Credit Facility (Barclays) | | | | | | | | | | | | | | | | | | | | | | | | | |
March 31, 2024
|
| | | $ | 93,225,600 | | | | | $ | 17,418 | | | | | | — | | | | | | N/A | | |
March 31, 2023
|
| | | | 77,576,100 | | | | | | 13,079 | | | | | | — | | | | | | N/A | | |
March 31, 2022
|
| | | | 47,990,882 | | | | | | 12,376 | | | | | | — | | | | | | N/A | | |
March 31, 2021
|
| | | | 11,971,740 | | | | | | 28,504 | | | | | | — | | | | | | N/A | | |
March 31, 2020
|
| | | | — | | | | | | N/A | | | | | | — | | | | | | N/A | | |
March 31, 2019
|
| | | | — | | | | | | N/A | | | | | | — | | | | | | 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 | |
Alex Gerson, Principal | | |
Portfolio Manager
|
| | July 2024 – Present | | | Principal, Pomona Management LLC; Vice President, 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) |
| |||||||||
Class A
|
| | | | Unlimited | | | | | | — | | | | | | 46,943,586 | | |
Class I
|
| | | | Unlimited | | | | | | — | | | | | | 59,684,830 | | |
| | |
Page
|
| |||
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| | | | 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 (67)
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 (70)
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., Everbridge, Inc. | |
Edwin A. Goodman (84)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Trustee | | |
January 2015 –
Present |
| | General Partner of Activate Venture Partners and Co-Founder and General Partner of Milestone Venture Partners (predecessor of Active Venture Partners) (venture capital firms) (1999 – present). | | |
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** |
|
Interested Trustees | | | | | | | | | | | | | | | | |
Michael D. Granoff (66)
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 (66)
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 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). | | |
1
|
| | None | |
Name, Age and Address
|
| |
Position(s)
Held with Registrant |
| |
Length of
Time Served* |
| |
Principal Occupation(s)
During Past 5 Years |
|
Officers | | | | | | | | | | |
Michael D. Granoff (66)
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 (65)
780 Third Avenue 46th Floor New York, NY 10017 |
| | Treasurer and Principal Financial Officer | | |
May 2022 –
Present |
| | Secretary, Pomona Investment Fund (August 2014 – May 2022); Senior Partner, Pomona Management LLC (1994 – present). | |
John Stephens (55)
780 Third Avenue 46th Floor New York, NY 10017 |
| | 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 | | |
$100,001 – $500,000
|
| |
$100,001 – $500,000
|
|
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
|
| | | | 15 | | | | | $ | 9,250 | | |
Other Accounts
|
| | | | 3 | | | | | $ | 2,824 | | |
Portfolio Manager
|
| |
Dollar Range of Shares Owned
|
| |||
Michael Granoff
|
| | | $ | 100,001 – $500,000 | | |
Frances Janis
|
| | | $ | 50,001 – $100,000 | | |
Lorraine Hliboki
|
| |
None
|
| |||
Sebastien Bowen
|
| | | $ | 50,001 – $100,000 | | |
Patrick Madaus
|
| | | $ | 50,001 – $100,000 | | |
Jim Rorer
|
| | | $ | 50,001 – $100,000 | | |
John Stephens
|
| | | $ | 50,001 – $100,000 | | |
Alex Gerson
|
| |
None
|
|