Pomona Investment Fund

Sponsored by Pomona Capital. Tender-Offer Fund structure focused on private equity.

Tender-Offer FundPrivate Equity

Sponsor: Pomona Capital
CIK: 0001616203
Liquidity: Periodic tender offers
Inception: 2015

Net assets: $1.75B

source

Monthly portfolio report (Form N-PORT) · filed 2026-06-01 · period 2026-03-31

Net assets (N-PORT Part B, Item B.2)

Method Direct: read from a structured filing field

Open the filing on SEC.gov · Full observation history

Technical locator

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1616203/000161620326000008/xslFormNPORT-P_X01/primary_doc.xml
NAV / share: $16.19

source

Shareholder report (Form N-CSR) · filed 2026-06-09 · period 2026-03-31

per-class NAV list (V5-LIST)

“Net asset value per share: Class A Shares $ 15.06 Class I Shares $ 16.19 ”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1616203/000139834426010628/fp0098286-1_ncsr.htm | per-class NAV list (V5-LIST)
Net flows, last qtr: -4.6%
Leverage in use: Pending
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

Notify

NAV per share fell 4.4% from $16.94 to $16.19 (2026-03-31).

NAV per share fell 4.4% from $16.94 to $16.19 (2026-03-31). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

Why it matters and what changed

Private-market NAVs move slowly by construction, so a 2%+ single-month markdown is a genuine valuation event, not noise.

16.94 -> 16.19 (down 4.4% vs prior period); trailing 4-period average 16.43; same period prior year 16.13; comparison interval: ~6 months (2025-09-30 -> 2026-03-31; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)

Source: https://www.sec.gov/Archives/edgar/data/1616203/000139834426010628/fp0098286-1_ncsr.htm | per-class NAV list (V5-LIST)

Notify

Net outflow of 5.6% of NAV in the period ended 2026-03-31.

Net outflow of 5.6% of NAV in the period ended 2026-03-31. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Why it matters and what changed

Net outflows in a single period reached the scale of a typical quarterly repurchase cap. Demand for the exit is at or beyond what the fund's liquidity program is designed to handle.

swung from 0.42 to -5.60 vs prior period; trailing 4-period average -1.65; same period prior year -3.02

Source: derived: net_flows / total_net_assets (parent equity) (nearest prior instant value) * 100

Historical findings (6)

NAV per share fell 5.1% from $15.41 to $14.62 (2022-09-30).
NAV per share fell 5.1% from $15.41 to $14.62 (2022-09-30). (Rule B12: NAV per share drop, severe: >= 5% decline month over month; Urgent.)

NAV per share fell 6.6% from $16.50 to $15.41 (2022-03-31).
NAV per share fell 6.6% from $16.50 to $15.41 (2022-03-31). (Rule B12: NAV per share drop, severe: >= 5% decline month over month; Urgent.)

NAV per share fell 14.9% from $11.00 to $9.36 (2020-03-31).
NAV per share fell 14.9% from $11.00 to $9.36 (2020-03-31). (Rule B12: NAV per share drop, severe: >= 5% decline month over month; Urgent.)

NAV per share fell 9.5% from $11.45 to $10.36 (2019-03-31).
NAV per share fell 9.5% from $11.45 to $10.36 (2019-03-31). (Rule B12: NAV per share drop, severe: >= 5% decline month over month; Urgent.)

NAV per share fell 2.1% from $16.47 to $16.13 (2025-03-31).
NAV per share fell 2.1% from $16.47 to $16.13 (2025-03-31). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

NAV per share fell 4.7% from $10.95 to $10.44 (2018-03-31).
NAV per share fell 4.7% from $10.95 to $10.44 (2018-03-31). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

NAV per share

Net capital flows, % of NAV

Monthly performance eligibility

Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after source-terms, class, date, and reconciliation gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

The disclosed history shows no rationed period.

Period	Requested	Filled	Cap used	Status
2026-06-15	Pending	100%	Pending	filled
2026-03-06	Pending	100%	Pending	filled
2025-12-19	Pending	100%	Pending	filled

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Pending

06 / Share classes

How the offering is divided.

A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.

Not attributed 100.0%

Share of total net assets ($1,752,801,987) as of 2026-03-31; the hatched band is net assets the filings do not attribute to a captured class.

Class	Terms-based role description	Load	Servicing	Minimum	Assets
Class I	Pending	Pending	Pending	Pending	Pending

Management fee: 1.65% of quarter end nav per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001398344-26-010628.

Filed fee conditions

In consideration for these services, the Fund accrues the fee monthly and pays the Adviser a quarterly management fee of 0.4125% (1.65% on an annualized basis) of the Fund's quarter-end NAV, before any repurchases of Shares.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I	1.65%	Pending	Pending	Pending	2.32%filed basis * Filed label: Ratio of gross expenses to average Net Assets (c)(d); period 2026-03-31. gross expenses (explicit filing row); waiver state: before / excluding disclosed support. SEC source 0001398344-26-010628	2.32%filed basis * Filed label: Ratio of net expenses to average Net Assets (f); period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001398344-26-010628

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

07 / Sources

The evidence beneath the page.

Filed terms and recent documents remain available without crowding the primary research flow.

Term register (1)

Term	Description	Value	Effective
advisory_fee_schedule	In consideration for these services, the Fund accrues the fee monthly and pays the Adviser a quarterly management fee of 0.4125% (1.65% on an annualized basis) of the Fund's quarter-end NAV, before any repurchases of Shares.	1.65 pct_annual_of_quarter_end_nav	Pending

Recent filings

Filed	Form	Accession
2026-06-22	SC TO-I	0001398344-26-011079
2026-06-15	SC TO-I/A	0001398344-26-010821
2026-06-09	N-CSR	0001398344-26-010628
2026-06-01	NPORT-P	0001616203-26-000008
2026-03-20	SC TO-I	0001398344-26-005454
2026-03-06	SC TO-I/A	0001398344-26-004601
2026-02-27	NPORT-P	0001616203-26-000004
2025-12-19	SC TO-I/A	0001398344-25-022717
2025-12-19	SC TO-I	0001398344-25-022683
2025-12-05	N-CSRS	0001398344-25-021816
2025-12-01	NPORT-P	0001616203-25-000008
2025-09-22	SC TO-I	0001398344-25-018376
2025-08-29	NPORT-P	0001752724-25-212249
2025-08-22	SC TO-I/A	0001398344-25-016361
2025-06-20	SC TO-I	0001398344-25-011961