Voya, Templum Digitize Private Fund Access
Voya Investment Management and Pomona Capital are partnering with Templum to digitize access to the Pomona Investment Fund. The move reflects a broader trend of using technology to make alternative assets and private market funds more accessible to a wider range of investors.
The Pomona Investment Fund (PIF), a secondary-focused private equity vehicle, launched in 2015 to provide individual investors with access to the private equity market. It was an early mover in making this asset class available to a broader audience, requiring a significantly lower minimum investment of $25,000 compared to the typical $5 million+ required for traditional private equity funds. Pomona Capital, a global private equity firm founded in 1994, manages the fund and specializes in secondary market investments. This strategy involves purchasing existing interests in mature private equity funds, which provides immediate diversification across numerous companies, industries, and vintage years. As of December 31, 2025, Pomona has approximately $20 billion in aggregate capital commitments. Voya Investment Management, the asset management arm of Voya Financial, serves as a strategic partner to Pomona, enhancing its capital capacity and global reach. Voya Investment Management had approximately $360 billion in assets under management as of December 31, 2025. The partnership with Templum introduces a technology layer that creates a fully digital workflow for investors. Through a new "Invest Now" feature, eligible investors can go through onboarding, sign subscription documents, and place orders via a secure online portal, streamlining the entire investment process. Templum's technology is designed to create a more efficient and transparent marketplace for alternative assets. Their platform provides the infrastructure for both primary issuance of new securities and secondary trading, aiming to bring liquidity to traditionally illiquid private investments. This collaboration is part of a larger industry trend towards the "tokenization" of private funds. Tokenization converts ownership stakes into digital tokens on a blockchain, which can facilitate fractional ownership, simplify transactions, and ultimately broaden the pool of potential investors for alternative assets.
