Voya Financial, Inc. · NYSE:VOYA
Voya Financial — Pomona Investment Fund — Investor Presentation (September 2025)
23 slides from Voya Financial's investor presentation, Sep 30, 2025
Slide 1: Pomona Investment Fund
Pomona Investment Fund Month Ending September 30, 2025 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 at
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 Capital: A Value-Oriented Private Equity Investor
Pomona Capital: A Value-Oriented Private Equity Investor Over 30 years of private equity investing focused on providing long-term capital appreciation and attractive risk-adjusted returns Purpose Driven Platform Relationship Driven Platform Firm Stats Fund & Strategy Stats ˃ Established 1994 ˃ ~600
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
Slide 7: 01. Private Equity Overview
01. Private Equity Overview 7
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. Private Companies U.S. Public Companies ~6.4 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 2022 and released to the public on 4/10/2
Slide 10: 02. Secondary Market – Pomona's Value Oriented Approach to PE
02. Secondary Market – Pomona’s Value Oriented Approach to PE 10
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
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% Secondaries Potential for value creation opportunities 50 – 100% Seek mature, high-quality assets at attractive prices Primaries resulting in an
Slide 15: Pomona Investment Fund: Investment Exposure (as of 9/30/25)
Pomona Investment Fund: Investment Exposure (as of 9/30/25) 1 0.9% 0.5% Sector Exposure 3.4% 0.3% Largest Ten Fund Managers % of Fair Value as of 6/30/20252 10.2% 17.90% Carlyle Group 5.8% Gryphon Investors 5.3% 11.2% Eurazeo 5.1% Roark Capital Group 4.1% 14.9% 11.3% Harvest Partners 3.4% Vista Equi
Slide 16: Pomona Investment Fund: Fund Performance (as of 9/30/25)
Pomona Investment Fund: Fund Performancex (as of 9/30/25) Pomona Investment Fund has outperformed the MSCI World Index by ~39% on a cumulative basis inception to date Inception- Inception- Month- Year-to-Date to-Date to-Date 1 Year 3 Year 5 Year 10 Year Annualized Share Inception to-Date Total Net C
Slide 17: Differentiated Access to the Top Managers In Private Equity
Differentiated Access to the Top Managers In Private Equity Pomona’s Coverage of the HEC Paris – Dow Jones PE Ranking = Pomona Relationship Rank 2024xxi 2023xxii 2022xxiii 2021xxiv 1 Francisco Partners TA Associates TA Associates Accel-KKR 2 TA Associates Veritas Capital Veritas Capita
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: 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 21: 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 22: 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 23: 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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