UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Rule 13e-4)
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
FINAL AMENDMENT
Pomona Investment Fund
(Name of Issuer)
Pomona Investment Fund
(Name of Person(s) Filing Statement)
Shares of Beneficial Interest—Class A Shares, Class I Shares and Class M2 Shares
(Title of Class of Securities)
Class A Shares – 732125109
Class I Shares - 732125208
Class M2 Shares - 732125406
(CUSIP Number of class of securities)
Michael D. Granoff
Pomona Management LLC
780 Third Avenue, 46th Floor
New York, NY 10017
(212) 593-3639
(Name, Address and Telephone No. of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)
With a copy to:
William J. Bielefeld, Esq.
Dechert LLP
1900 K Street, N.W.
Washington, DC 20006
September 20, 2023
(Date Tender Offer First Published, Sent or Given to Security Holders)
[ ] | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
[ ] | third-party tender offer subject to Rule 14d-1. |
[X] | issuer tender offer subject to Rule 13e-4. |
[ ] | going-private transaction subject to Rule 13e-3. |
[ ] | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer: [X]
This final amendment relates to the Issuer Tender Offer Statement on Schedule TO (the "Statement") originally filed with the Securities and Exchange Commission on September 20, 2023 by Pomona Investment Fund (the "Fund") in connection with an offer (the “Offer”) by the Fund to purchase up to $53,599,195.24 of shares of beneficial interest ("Shares") in the Fund on the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal. Copies of the Offer to Purchase and Letter of Transmittal were previously filed as Exhibits (a)(1)(i) and (a)(1)(ii) to the Statement on September 20, 2023. The original purchase amount of $53,599,195.24 was adjusted to $69,410,665.19 based on the net asset value at December 29, 2023.
This is the final amendment to the Statement and is being filed to report the results of the Offer. The following information is furnished pursuant to Rule 13e-4(c)(4):
1. Holders of Shares in the Fund (“Shareholders”) that desired to tender Shares or a portion thereof, for purchase were required to submit their tenders by 11:59 p.m., Eastern Time, on October 19, 2023.
2. Valuation Date of the Shares tendered pursuant to the Offer was December 29, 2023.
3. The net asset value of the Shares tendered pursuant to the Offer were calculated as of December 29, 2023 in the amount of $14.53 for Class A Shares, $15.36 for Class I Shares and $15.35 for Class M2 Shares.
4. The payment of the purchase price of the Shares or portions of Shares tendered was made in the form of promissory notes issued to each of the Shareholders whose tenders were accepted for purchase by the Fund in accordance with the terms of the Offer. The promissory notes were held by DST Asset Manager Solutions, Inc., the Fund's transfer agent, on behalf of such Shareholders, in accordance with the terms of the Offer. Two (2) Class A Shareholders and Ten (10) Class I Shareholders whose tenders were accepted for purchase by the Fund, did not tender their entire Shares. Forty (40) Class A Shareholders and Twenty-six (26) Class I Shareholders whose tenders were accepted for purchase by the Fund, tendered all of their Shares held in the Fund; therefore, pursuant to the promissory note issued to the Shareholders, the Fund paid to the Shareholders 100% of the Shareholder’s unaudited net asset value of the Shares tendered. The payments were wired to the account designated by each Shareholder in their Letter of Transmittal on March 7, 2024.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
POMONA INVESTMENT FUND |
By: | /s/ Michael D. Granoff | ||
Name: | Michael D. Granoff | ||
Title: | President & Principal Executive Officer |
Calculation of Filing Fee Tables
Schedule TO-I/A
Pomona Investment Fund
(Exact Name of Registrant as Specified in its Charter)
Table 1: Transaction Valuation
Transaction Valuation | Fee Rate | Amount of Filing Fee | |
Fee to Be Paid | $69,410,655.19 (1) | 0.014760% | $10,245.01 (2) |
Fees Previously Paid | $53,599,195.24 (3) | 0.011020% | $5,906.63 (4) |
Total Transaction Valuation | $69,410,655.19 (1) | -- | -- |
Total Fees Due for Filing | $10,245.01 (2) | ||
Total Fees Previously Paid | $5,906.63 (4) | ||
Total Fee Offsets | -- | ||
Net Fee Due | $4,338.38 |
(1) | Calculated as the aggregate maximum purchase price for Shares that could be purchased, based upon the net asset value of the Fund as of December 29, 2023. |
(2) | The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, as modified by Fee Rate Advisory No. 1 from October 1, 2023 to September 30, 2024, equals $147.60 per $1,000,000 of the Transaction Valuation of 5% of the net asset value at December 29, 2023. |
(3) | Calculated as the aggregate maximum purchase price for Shares that could be purchased, based upon the net asset value of the Fund as of June 30, 2023. |
(4) | Calculated at $110.20 per $1,000,000 of the Transaction Valuation of 5% of the net asset value at June 30, 2023. |