{"id":226155,"date":"2022-03-15T10:20:15","date_gmt":"2022-03-15T14:20:15","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=226155"},"modified":"2022-03-15T10:20:15","modified_gmt":"2022-03-15T14:20:15","slug":"voya-investment-management-and-icapital-form-partnership","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/voya-investment-management-and-icapital-form-partnership\/","title":{"rendered":"Voya Investment Management and iCapital Form Partnership"},"content":{"rendered":"
March 11, 2022 | Voya Investment Management\u00a0<\/p>\n
Voya Investment Management (“Voya IM”), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it has partnered with iCapital1<\/sup>, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries. Voya IM will leverage iCapital\u2019s customized technology, service and diligence solution for financial advisors and their high-net-worth clients seeking access to Voya\u2019s alternative and private fund offerings, starting with Pomona Investment Fund (“PIF” or the “Fund”), a registered fund vehicle.<\/p>\n iCapital will digitize the subscription, administration, operational and reporting processes for PIF, which improves the efficiency of the investment process and helps ensure information is complete upon submission. PIF is managed by Pomona Capital, a global private equity firm specializing in secondaries investing and the private equity platform of Voya IM.<\/p>\n “As investors look to diversify their portfolios, providing access to PIF via a streamlined and efficient solution makes it easier to invest in private equity, leading to an improved experience for everyone involved in the investment process,” said Michael Granoff, chief executive officer, Pomona Capital.<\/p>\n PIF is nearing its seven year anniversary and has approximately $550 million in assets under management as of January 2022. PIF\u2019s Class A shares delivered a net return of 44.35% to investors for the year ended Dec. 31, 2021 and a net return of 16.88% since inception.<\/p>\n With a $25,000 minimum subscription requirement, and an investor-friendly tax reporting structure, PIF provides accredited investors with easier access to private equity opportunities. The majority of the Fund’s investments are in secondary interests in seasoned private equity funds, with a complementary focus on primary and direct commitments. Similar to Pomona Capital’s institutional offerings, PIF\u2019s strategy seeks the long-term capital appreciation associated with private equity while also seeking to reduce the risk associated with private equity investing.<\/p>\n iCapital has transformed the way 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.<\/p>\n Voya IM is focused on expanding its alternatives offering and partnering with iCapital to leverage their market-leading platform. Partners like iCapital can help grow the investor base and improve experience while offering exposure to Voya\u2019s unique and differentiated capabilities.<\/p>\n Voya Investments Distributor, LLC, 230 Park Ave, New York, NY 10169<\/strong><\/span><\/p>\n About Pomona Capital<\/strong><\/span><\/p>\n Pomona is an international private equity firm with over $15 billion in aggregate capital commitments as of Jan. 1, 2022 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 manages a $5.7 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 10,000 companies since inception.<\/span><\/p>\n Pomona Capital\u2019s team is based in New York, London and Hong Kong. Pomona\u2019s capital capacity and global reach are enhanced by a strategic partnership with Voya Investment Management.<\/span><\/p>\n About Voya Investment Management<\/strong><\/span><\/p>\n A leading, active asset management firm, Voya Investment Management manages, as of Dec. 31, 2021, more than $264 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, alternatives and multi-asset strategies and solutions. Voya Investment Management has been named every year since 2015 as a “Best Places to Work” by\u00a0Pensions & Investments\u00a0magazine. For more information, visit voyainvestments.com<\/a>. Follow Voya Investment Management on Twitter\u00a0@VoyaInvestments.<\/span><\/p>\n Investors should carefully consider a fund\u2019s investment objectives, risks, charges and expenses. This and other important information is contained in a fund\u2019s prospectus, which can be obtained by visiting\u00a0www.pomonainvestmentfund.com<\/a>.\u00a0Please read it carefully before investing.<\/span><\/p>\n