Launched as Pomona’s first investment vehicle, Pomona Impact Fund I was a US $2 million pilot fund designed to validate the firm’s impact investment thesis: that small and medium-sized enterprises (SMEs) in Central America can achieve both competitive financial returns and measurable social impact when provided with flexible, appropriately structured capital.
The Inter-American Development Bank (IDB) served as the anchor investor, supporting Pomona’s mission to bridge the financing gap for early-stage, high-impact enterprises. The fund deployed mezzanine and quasi-equity investments across a diversified portfolio of SMEs in Guatemala, Honduras, Nicaragua, and Costa Rica, with a focus on sectors such as agriculture, education, renewable energy, and financial inclusion.
Through close engagement with entrepreneurs and disciplined portfolio management, Fund I proved Pomona’s ability to identify scalable businesses, structure innovative financing solutions, and deliver measurable outcomes in employment and community development.
Building on the success of its pilot fund, Pomona launched the $33 million Pomona Impact Fund II to expand its investment reach and deepen its development impact across Central America, Mexico, Colombia, and Ecuador.
Fund II is anchored by a consortium of leading development finance institutions, including the Inter-American Development Bank (IDB), Instituto de Crédito Oficial (ICO – FONPRODE), the International Finance Corporation (IFC), and the U.S. International Development Finance Corporation (DFC).
The fund provides growth-stage SMEs with mezzanine and structured financing solutions tailored to their operational realities. Its portfolio focuses on enterprises advancing sustainable agriculture, renewable energy, fintech, and inclusive services, all aligned with the UN Sustainable Development Goals (SDGs).
Pomona Impact Fund II has positioned the firm as a trusted regional partner for mission-driven companies and institutional investors seeking to achieve measurable impact alongside solid financial returns.
Currently in fundraising, the Pomona Growth Fund III is Pomona’s latest and most ambitious vehicle to date, with a target size of US $60 million. The fund builds on over a decade of experience financing SMEs and aims to scale Pomona’s model across Central America, Dominican Republic, and Colombia.
Fund III focuses on growth stage SMEs, providing flexible,
non-dilutive financing through mezzanine debt, asset-based lending, and revenue-linked structures. Its strategy is designed to fill the critical financing gap for SME’s that are underserved by traditional lenders yet not ready for equity dilution.
By leveraging Pomona’s deep regional expertise and established institutional relationships, Fund III seeks to catalyze sustainable growth, create quality employment, and deliver long-term social and environmental impact while generating attractive, risk-adjusted returns for investors.
