Jason Neal Joins Pomona Capital, an Affiliate of Voya Investment Management, to Strengthen Distribution Efforts for Pomona Investment Fund
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it has hired Jason Neal as vice president and senior regional director of Private Equity to support education and distribution efforts for Pomona Investment Fund (PIF) on behalf of Pomona Capital, a Voya affiliate. Neal is based in New York and reports to Troy Chakarun, managing director, head of Wealth Management Sales, Voya Investment Management.
“Jason is one of the most experienced private equity sales professionals focused on the private wealth market. He adds a tremendous amount of private equity expertise and credibility to the PIF sales team and bolsters our efforts to scale this part of our business,” said Michael Granoff, founder and chief executive officer of Pomona Capital. “Jason will focus on the private wealth market, including registered investment advisers and other wealth managers, family offices, and regional and national broker-dealers.”
Launched in 2015, PIF is a registered investment vehicle designed to offer accredited investors broad exposure to a portfolio of private equity investments managed by experienced general partners. The majority of PIF’s investments are expected to be secondary interests in seasoned private equity funds, with a supplementary focus on primary and direct commitments. Similar to Pomona’s institutional fund offerings, the fund’s strategy seeks to acquire high-quality, mature assets with identifiable near-term liquidity and downside protection at compelling prices.
Neal has over 20 years of private equity experience and a deep background in private equity secondaries and the private wealth market. Prior to joining Pomona, he was managing director and head of Business Development and Investor Relations for FlowStone Partners, a Connecticut-based firm focused on providing access to private equity opportunities to high net worth investors and family offices. Prior to joining FlowStone, Neal was a vice president at Landmark Partners, where he led business development and investor relations activities in the private wealth channel, as well as managing select institutional and consultant relationships from 2011 to 2018. Prior to joining Landmark, he held numerous roles in the private equity industry including roles at HarbourVest Partners, The Private Edge Group/State Street Corporation, and Kendall Investments.
PIF continues to build out its private equity portfolio, with over 160 underlying partnerships currently held by the Fund, providing its investors with exposure to over 1,400 underlying portfolio companies across all sectors. During the 2nd quarter, the Fund closed on three new transactions, acquiring limited partnership positions in funds managed by Bain Capital, Silver Lake Partners and Permira.
About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of March 31, 2020, more than $210 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018 and 2019 as a “Best Places to Work” by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
About Pomona Capital
Pomona is an international private equity firm with approximately $12.3 billion in aggregate capital commitments as of December 31, 2019 across its sponsored-funds and separate accounts on behalf of a global group of over 350 sophisticated investors from more than 25 countries. Pomona was founded in 1994 and was one of the earliest secondary market investors, establishing itself as a pioneer in the marketplace. Pomona also has a $5.1 billion business making primary investments in private equity funds as a strategic complement to the secondaries business. Pomona has collectively invested in partnership interests in approximately 700 private equity funds, diversified across the spectrum of private equity, with underlying investments in over 8,500 companies since inception. Pomona Capital’s 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.
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Past performance is no guarantee of future results.
Principal Risks. An investment in the Fund involves a considerable amount of risk. A Shareholder may lose money. Before making an investment decision, a prospective investor should (i) consider the suitability of this investment with respect to the investor’s investment objectives and personal situation 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 have no right to require the Fund to redeem their Shares in the Fund and, as discussed in the Fund’s prospectus, the Fund conducts quarterly tender offers subject to Board approval. Therefore, before investing investors should carefully read the Fund’s prospectus and consider carefully the risks that they assume when they invest in the Fund’s common shares.
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