Voya Financial, Inc. · NYSE:VOYA
Voya Financial — Pomona Investment Fund — Investor Presentation (January 2025)
22 slides from Voya Financial's investor presentation, January 2025
Slide 1: Pomona Investment Fund
Pomona Investment Fund Quarter Ending December 31, 2024 Your clients should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund’s prospectus or summary prospectus, which contains this and other information, visit us a
Slide 2: Disclosure
Disclosure TYPES OF INVESTMENTS AND RELATED RISKS The value of the Fund’s total net assets is expected to fluctuate in response to fluctuations in the value of the Investment Funds, direct investments and other assets in which the Fund invests. Discussed below are the investments generally made by I
Slide 3: Disclosure
Disclosure General Risks to Consider: Secondary investments: The ability of the manager to select and manage successful investment opportunities, underlying fund risks; these are non-controlling investments, no established market for secondaries, identify sufficient investment opportunities, and gen
Slide 4: Executive Summary
Executive Summary A differentiated offering providing access to private equity Why PE? Why Pomona Capital? Why Pomona Investment Fund? Potential Portfolio Enhancement 30+ years of Private Equity Investing Strategy and Structure ▪ Attractive long-term return potential ▪ Experience, relationships, res
Slide 5: Pomona Profile
Pomona Profile Highlights Integrated Platform Over 30 years $200.2M Successfully investing in secondaries, primaries, & co-investments >50 professionals Experienced private equity investors $6.4B 3 offices $19.6B1 New York, London, Hong Kong Total PE $13.1B1 Program 350+ Global Investors ~600 GP rel
Slide 6: Agenda
Agenda 01. Private Equity Overview Pg. 8 02. Secondary Market – Pomona’s Value Oriented Approach to PE Pg. 14 03. Pomona Investment Fund (PIF) Pg. 21 6 For accredited investor use only. Not for inspection by, distribution or quotation to, the general public.
Slide 7: 01. Private Equity Overview
01. Private Equity Overview 7 For accredited investor use only. Not for inspection by, distribution or quotation to, the general public.
Slide 8: What is Private Equity?
What is Private Equity? Typically defined as an equity investment in a commercial enterprise not registered for public sale. These private companies may be in various stages of their life cycle and may complement public equity, or other alternatives, in a well-constructed portfolio. Venture Capital
Slide 9: Private Equity: U.S. Investment Opportunities
Private Equity: U.S. Investment Opportunities U.S. Public U.S. Private Companies Companies ~6.3 million1,i ~6,7002,ii Private companies account for ~99.9% of the corporate investment opportunities in the U.S. 1 Source: United States Census Bureau. Data as of 2021 and released to the public on 12/21/
Slide 10: 02. Secondary Market – Pomona's Value Oriented Approach to PE
02. Secondary Market – Pomona’s Value Oriented Approach to PE 10 For accredited investor use only. Not for inspection by, distribution or quotation to, the general public.
Slide 11: Secondary Market: 'J' – Curve Mitigation
Secondary Market: ‘J’ – Curve Mitigation ▪ Primary and secondary investments generally may have positive returns in later years of a fund, but secondary investors may receive those returns within a shorter investment time frame ▪ Pomona typically purchases funds whose commitments are 70-90% invested
Slide 12: 03. Pomona Investment Fund (PIF)
03. Pomona Investment Fund (PIF) 12 For accredited investor use only. Not for inspection by, distribution or quotation to, the general public.
Slide 13: Pomona Investment Fund: Access to a Differentiated Strategy
Pomona Investment Fund: Access to a Differentiated Strategy ◼ Broad exposure to the private equity asset class ◼ Seeks attractive longer-term returns DIFFERENTIATED STRATEGY ◼ Secondaries-focused strategy; limiting “J-curve” and blind pool capital risks while actively seeking to construct an all-wea
Slide 14: Pomona Investment Fund: Differentiated Private Equity Exposure
Pomona Investment Fund: Differentiated Private Equity Exposure Secondary Focus with Complementary Primary and Co-Investment Exposure Co-Investments 0 – 20% Potential for value creation opportunities Secondaries 50 – 100% Primaries Seek mature, high-quality 0 – 40% assets at attractive prices Seek hi
Slide 15: Pomona Investment Fund: Investment Exposure (as of 12/31/24)
Pomona Investment Fund: Investment Exposure (as of 12/31/24) 1 1.0% 0.4% 3.9% Sector Exposure 0.4% Largest Ten Fund Managers % of Fair Value as of 9/30/20242 9.4% 20.6% Gryphon Investors 5.6% Roark Capital Group 4.8% 10.3% Harvest Partners 4.0% Apogem Capital 3.3% 16.7% Norwest Mezzanine Partners 3.
Slide 16: Pomona Investment Fund: Fund Performance (as of 12/31/24)
Pomona Investment Fund: Fund Performancex (as of 12/31/24) 130% Pomona Investment Fund has 110% outperformed the MSCI +114% World Index by ~40% on a 5-Year cumulative Net Total Return 90% cumulative basis over the 70% past 5 years +74% 50% 5-Year cumulative Net Total 30% Return 10% -10% -30% Pomona
Slide 17: Differentiated Access to Managers in Private Equity
Differentiated Access to Managers in Private Equity Pomona Investment Fund’s Coverage of the HEC Paris – Dow Jones PE Ranking The “Top Decile” Worldwide Ranking: Top 10 out of over 563 PE Firms Rank 2023A Relationship 2022B Relationship 2021C Relationship 2020D Relationship 1 TA Associates ✓ TA Asso
Slide 18: Endnotes to Presentation
Endnotes to Presentation Past performance of investments described herein is provided for illustrative purposes only and is not indicative of future investment results of any Pomona fund whose past performance is shown herein. Totals may not add due to rounding. There is no assurance that losses wil
Slide 19: Endnotes to Presentation
Endnotes to Presentation Past performance of investments described herein is provided for illustrative purposes only and is not indicative of future investment results of any Pomona fund whose past performance is shown herein. Totals may not add due to rounding. There is no assurance that losses wil
Slide 20: Definitions
Definitions Past performance of investments described herein is provided for illustrative purposes only and is not indicative of future investment results of any Pomona fund whose past performance is shown herein. Totals may not add due to rounding. There is no assurance that losses will not be incu
Slide 21: Disclaimer
Disclaimer This presentation is confidential and contains proprietary information relating to Pomona Capital and one or more Pomona-sponsored funds (each, a “Fund” and collectively the “Funds”). By accepting this information, you agree that you are subject to certain fiduciary duties to the other pa
Slide 22: Disclaimer
Disclaimer This is not an offering document and is not intended for inspection by, or distribution or quotation to, the general public. Nothing contained herein should be construed as (i) an offer to buy any security or (ii) a recommendation as to the advisability of investing in, purchasing or sell
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