Tender Offer - Pomona Investment Fund
Form Type: SC TO-I
Filing Date: 2025-06-20
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425011961
Filing Summary: Pomona Investment Fund is initiating a tender offer for its own Class A and Class I Shares. The Fund plans to repurchase up to 5% of its total net assets in the form of shares tendered by shareholders. The offer is structured such that the purchase price will be based on the net asset value as of the close on September 30, 2025, or a later extension date. The tender offer will remain open until July 21, 2025, unless extended. Shareholders will be notified via a Good Order Letter once their tender requests are received in good order and will receive Acceptance Letters if their shares are accepted for purchase, payable in cash or a promissory note. This offer marks Pomona's strategy to manage share liquidity and reflects ongoing oversight by the Board of Trustees, which retains the discretion over repurchase actions on a quarterly basis, though it is not mandated to conduct such offers regularly.
Additional details:
Share Class: Class A Shares
Share Class: Class I Shares
Tender Offer Start Date: 2025-06-20
Tender Offer Expiration Date: 2025-07-21
Tender Offer Percentage: 5%
Valuation Date: 2025-09-30
Form Type: SC TO-I/A
Filing Date: 2025-06-13
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834425011802
Filing Summary: Pomona Investment Fund filed a final amendment to its Schedule TO regarding its Issuer Tender Offer Statement. The Fund initially filed the statement on December 20, 2024, offering to purchase up to $89,773,629.79 of shares in the Fund, which was later adjusted to $95,015,573.30 based on the net asset value as of March 31, 2025. Shareholders were required to submit their tenders by 11:59 p.m. Eastern Time on January 22, 2025. The valuations for the tendered shares were set at $15.11 for Class A Shares and $16.13 for Class I Shares. The Fund issued promissory notes to shareholders whose tenders were accepted. Payments for 100% of the tendered shares' unaudited net asset value were wired to the designated accounts of shareholders on June 3, 2025.
Additional details:
Shares Tendered: total amount $95,015,573.30
Valuation Date: 2025-03-31
Class A Share Value: $15.11
Class I Share Value: $16.13
Total Class A Shareholders Tendered All: 127
Total Class I Shareholders Tendered All: 120
Total Class A Shareholders Partial Tender: 7
Total Class I Shareholders Partial Tender: 26
Payment Date: 2025-06-03
Form Type: SC TO-I
Filing Date: 2025-03-21
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425005796
Filing Summary: Pomona Investment Fund is initiating a tender offer for its own Class A Shares and Class I Shares. The Fund aims to repurchase up to 5% of its total net assets that shareholders submit for tender. The offer is open until April 18, 2025, subject to potential extensions, with the purchase price determined based on the net asset value as of June 30, 2025. Shareholders will receive notifications upon submitting a tender request and will be compensated based on the valuation date. Information about the Fund indicates that it is a closed-end investment company under the Investment Company Act of 1940, and shares are not traded in any public market. The filing is made by Pomona Management LLC, which serves as the investment adviser to the Fund. There are no known transactions or agreements that impact the Fund's securities, besides this public tender offer.
Additional details:
Name Of Issuer: Pomona Investment Fund
Name Of Person Filing Statement: Pomona Investment Fund
Title Of Class Of Securities: Class A Shares and Class I Shares
Number Of Shares Tendered: up to 5% of total net assets
Deadline For Tender Requests: April 18, 2025
Valuation Date: June 30, 2025
Contact Name: Michael D. Granoff
Contact Phone: 212-593-3639
Contact Address: 780 Third Avenue, 46th Floor, New York, NY 10017
Legal Counsel Name: William J. Bielefeld
Legal Counsel Firm: Dechert LLP
Legal Counsel Address: 1900 K Street, N.W., Washington, DC 20006
Form Type: SC TO-I/A
Filing Date: 2025-03-14
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834425005566
Filing Summary: Pomona Investment Fund has filed a final amendment to its Tender Offer Statement on Schedule TO, originally filed on September 20, 2024. This amendment reports the results of the issuer tender offer to purchase up to $92,712,057.97 worth of shares of beneficial interest in the Fund, an increase from the initial offer of $81,959,501.52, based on the net asset value as of December 31, 2024. Shareholders were required to submit tenders by October 21, 2024. The Shares were valued at $14.96 for Class A Shares and $15.95 for Class I Shares as of the valuation date. Payments for the shares were made in the form of promissory notes held by Ultimus Fund Solutions, LLC. On March 3, 2025, the Fund wired payments to Shareholders' designated accounts for those who tendered their Shares, either partially or fully, ensuring 100% payment of their unaudited net asset value for the accepted tenders.
Additional details:
Title Of Class Of Securities: Shares of Beneficial Interest—Class A Shares, Class I Shares and Class M2 Shares
Original Purchase Amount: 81,959,501.52
Adjusted Purchase Amount: 92,712,057.97
Valuation Date: 2024-12-31
Class A Share Value: 14.96
Class I Share Value: 15.95
Submission Deadline: 2024-10-21
Payment Date: 2025-03-03
Number Of Class A Shareholders: 79
Number Of Class I Shareholders: 83
Paying Agent: Ultimus Fund Solutions, LLC
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