Asian flows help $1.75bn Pomona fund beat target

Pomona Capital’s latest private equity secondaries fund has attracted more Asian limited partners (LPs) than its predecessors, with about 20% of capital commitments coming from the region. Launched in late 2012, Pomona Capital VIII closed last week at $1.75 billion, exceeding the initial target of $1.3 billion and was oversubscribed. About 60% of the firm’s existing LPs invested in the new fund. “We had a significant increase in interest in the fund from Asian investors”, chief …