Fund of private equity funds Pomona Capital has announced a string of senior hires across its global offices.

In Hong Kong, where Pomona has a joint venture with ING Investment Management named ING Pomona Asia, Haijoung Kin has joined as a vice-president to focus on capital raising and investments for PomonaÆs Asian fund of funds. He has previously been working as a senior investment manager in the alternative investments division of Samsung Life in Seoul, Korea, where he handled asset allocation and management of Samsung LifeÆs equity portfolio.

In New York Jordan Robinson and Gregory Walters have been hired with responsibilities for marketing and secondary investment analysis respectively.

Pomona launched its first Asia-focused fund in 2008, named the ING Pomona Asia 1, which has a target size of $300 million and aims to invest in 10 to 20 private equity funds. Running the operation in Asia is Melissa Pang, who joined Pomona in 2007. Previously, she had been the global head of private equity at ING Private Bank.

ôThe Asian PE market is still young and very fragmented,ö says Pang. ôWhile there is a cluster of good funds, there are a limited number of general-partner teams with full proven track records in any single segment. By this, we mean having fully invested a fund, divested, realised cash and return to LPs. Moreover, while many funds have achieved quick success in the last three to four years, very few teams have been tested through market cycles. A more comprehensive and flexible approach will enable us to benefit from the performance of high quality proven GP teams and opportunities in each segment. "

Pomona was founded in 1994 and manages $6 billion across a series of private equity funds of funds, encompassing primary and secondary investments. In total, Pomona has investments in 700 private equity funds.