NEW YORK, March 11, 2022–(BUSINESS WIRE)–Voya Investment Management (“Voya IM”), the asset management business of Voya Financial, Inc. (NYSE: VOYA), today announced its partnership with iCapital1, the world’s leading fintech platform driving alternative investment access and efficiency for the asset and wealth management industries. Voya IM will leverage iCapital’s tailored technology, service and due diligence solution for financial advisors and their high net worth clients seeking access to Voya’s alternative and private fund offerings, beginning with Pomona Investment Fund (“PIF ” or the “Fund”), a registered fund vehicle.
iCapital will digitize the underwriting, administration, operations and reporting processes for the PIF, improving the efficiency of the investment process and helping to ensure information is complete upon submission. PIF is managed by Pomona Capital, a global private equity firm specializing in secondary investing and Voya IM’s private equity platform.
“As investors seek to diversify their portfolios, access to PIF through a streamlined and efficient solution makes investing in private equity easier, improving the experience for everyone involved in the investment process” , said Michael Granoff, managing director of Capitale de Pomone.
PIF is approaching its seventh anniversary and has approximately $550 million in assets under management as of January 2022. PIF’s Class A shares offered a net return of 44.35% to investors for the fiscal year ended December 31, 2021 and a net return of 16.88% since inception.
With a minimum subscription requirement of $25,000 and an investor-friendly tax reporting structure, PIF offers accredited investors easier access to private equity opportunities. The majority of the Fund’s investments are secondary holdings in mature private equity funds, with a complementary focus on primary and direct engagements. Similar to Pomona Capital’s institutional offerings, PIF’s strategy seeks the long-term capital appreciation associated with private equity while also seeking to reduce the risk associated with private equity investing.
iCapital has transformed the way the wealth management, banking and asset management industries facilitate access to private markets investments for their high net worth clients by providing intuitive, end-to-end technology and service solutions. at the end.
Voya IM is focused on expanding its offering of alternatives and partnering with iCapital to leverage its market-leading platform. Partners like iCapital can help grow the investor base and enhance the experience while providing exposure to Voya’s unique and differentiated capabilities.
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About Pomona Capital
Pomona is an international private equity firm with over $15 billion in total capital commitments as of January 1, 2022 in its sponsored funds and segregated accounts on behalf of a global group of over 350 sophisticated investors from over from 25 countries. Pomona was founded in 1994 and was one of the first investors in the secondary market, establishing itself as a pioneer in the market. Pomona also runs a $5.7 billion business making primary investments in private equity funds as a strategic complement to the secondary business. Pomona has collectively invested in partnership interests in approximately 700 private equity funds, diversified across the private equity spectrum, with underlying investments in more than 10,000 companies since its inception.
The Pomona Capital team is based in New York, London and Hong Kong. Pomona’s capital capacity and global reach are enhanced by a strategic partnership with Voya Investment Management.
About Voya Investment Management
An active and leading asset management company, Voya Investment Management manages, as of December 31, 2021, more than $264 billion for affiliated and external institutions as well as individual investors. With over 40 years of experience in asset management, Voya Investment Management has the experience and resources to provide its clients with investment solutions focused on equities, fixed income, strategies and alternative and multi-asset solutions. Voya Investment Management has been named every year since 2015 as “Best Places to Work” by Pensions and investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
Investors should carefully consider a fund’s investment objectives, risks, charges and expenses. This and other important information is contained in a fund’s prospectus, which can be obtained by visiting www.pomonainvestmentfund.com. Please read it carefully before investing.
The inception date of Pomona Investment Fund is 5/7/2015. The date used to calculate since inception is December 31, 2021, which is the most recent date available. Please visit PIF’s website at www.pomonainvestmentfund.com for the most recent returns to date once available.
Past performance is not indicative of future results. Past performance is not indicative of future results. Investment return and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. Actual performance may be lower or higher than quoted performance data. Returns longer than one year are annualized.
Main risks. An investment in the Fund involves considerable risk. A shareholder can lose money. Before making an investment decision, a potential investor should (i) consider the suitability of such investment in relation to the investor’s investment objectives and personal circumstances and (ii) consider factors such as the investor’s personal net worth, income, age, risk tolerance, and liquidity needs. The Fund is an illiquid investment. Shareholders do not have the right to require the Fund to redeem their Shares in the Fund and, as set out in the Fund’s prospectus, the Fund makes quarterly takeover bids subject to Board approval . Therefore, before investing, investors should carefully read the Fund’s prospectus and carefully consider the risks they assume when investing in the common shares of the Fund.
Each of the funds named above on the iCapital platform is registered under the Investment Companies Act 1940, as amended, as a closed-end investment company and the shares of each are registered for a public offering under the Securities Act of 1933. The funds referenced above are joined on the iCapital platform by a wide selection of additional registered funds which offer exposure to private equity, private credit and private real estate from experienced managers who have undergone rigorous due diligence by iCapital’s fund management and research team. Together, these funds form a comprehensive offering for accredited investors and qualified clients seeking to access the potential benefits of private markets.
Institutional Capital Network, Inc. and its affiliates (“iCapital”) did not prepare or generate this material and make no representations as to its accuracy or completeness. Please note that the commentary presented here reflects Voya’s point of view. It has not been endorsed or approved by, and does not reflect the views of iCapital. iCapital accepts no responsibility for losses resulting from the use of the material presented. iCapital may have published, and may in the future publish, documents which are inconsistent with the information presented in such documents and which draw conclusions different from it. iCapital has no obligation to ensure that such other reports are brought to the attention of any recipient of such material.
1 Institutional Capital Network, Inc. and its affiliates (together, “iCapital Network” or “iCapital”)
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