Pomona Capital announced Tuesday that it has closed its fourth "primary" fund-of-funds to new investors after blowing away its target of $200 million.

Pomona Partnership Holdings IV has raised $250 million, well above expectations, and will purchase primary and secondary interests in top-performing private equity funds, the New York-based private equity firm said in a press release. Pomona plans to continue to leverage its extensive experience buying secondary interests to identify and access best of breed funds, the company said.

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