back Back

iCapital and Voya Investment Management form partnership

By Edlyn Cardoza

March 14, 2022

  • Alternative Investing
  • Asset Management
  • Banking
Share

Voya Investment Management, Asset Management, Voya Financial, iCapital, FinTech, Alternative Investing, Pomona Investment Fund, PIF, Private Equity, Banking, USAVoya Investment Management, the asset management business of Voya Financial, Inc., recently announced that it has partnered with iCapital, a leading global FinTech platform driving access and efficiency in alternative investing for the asset and wealth management industries. Voya IM will leverage iCapital’s customized technology, service and diligence solution for financial advisors and their high-net-worth clients seeking access to Voya’s alternative and private fund offerings, starting with Pomona Investment Fund, a registered fund vehicle.

iCapital will digitize the subscription, administration, operational and reporting processes for PIF, which improves the efficiency of the investment process and helps ensure information is complete upon submission. PIF is managed by Pomona Capital, a global private equity firm specializing in secondaries investing and the private equity platform of Voya IM.

“As investors look to diversify their portfolios, providing access to PIF via a streamlined and efficient solution makes it easier to invest in private equity, leading to an improved experience for everyone involved in the investment process,” said Michael Granoff, chief executive officer, Pomona Capital.

PIF is nearing its seventh anniversary and has approximately $550 million in assets under management as of January 2022. PIF’s Class A shares delivered a net return of 44.35% to investors for the year ended Dec. 31, 2021, and a net return of 16.88% since inception.

With a $25,000 minimum subscription requirement and an investor-friendly tax reporting structure, PIF provides accredited investors with easier access to private equity opportunities. Most of the Fund’s investments are in secondary interests in seasoned private equity funds, with a complementary focus on primary and direct commitments. Similar to Pomona Capital’s institutional offerings, PIF’s strategy seeks the long-term capital appreciation associated with private equity while also reducing the risk associated with private equity investing.

iCapital has transformed how wealth management, banking, and asset management industries facilitate access to private market investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions.

Voya IM is focused on expanding its alternatives offering and partnering with iCapital to leverage its market-leading platform. Partners like iCapital can help grow the investor base and improve the experience while exposing Voya’s unique and differentiated capabilities.

Previous Article

March 14, 2022

Farouk Ferchichi is appointed as Global Head of Envestnet Data and Analytics

Read More
Next Article

March 14, 2022

5 Apps to help manage finances better in 2022

Read More






IBSi Daily News Analysis

June 13, 2024

Alternative Investing

Are payroll and financial statement fraud dual challenges facing UK SMEs?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 13, 2024

Flexys partners with Acquired.com for debt collection

Read More

June 12, 2024

HSBC acquires Citi’s retail wealth management portfolio in mainland China

Read More

June 10, 2024

5 WealthTech platforms simplifying credit score tracking in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023