Pomona College, Claremont, Calif., refined the policy target for its...

Pomona College, Claremont, Calif., refined the policy target for its $990 million endowment. Based on a recommendation from Cambridge Associates, Pomona College is increasing its venture capital target to 10% from 5% and decreasing its domestic equity exposure to 33% from 40%. Pomona readjusted the target to make it more realistic, as its venture capital portfolio had consistently exceeded its target, said Robin Aspinall, controller and associate treasurer. The additional money will be allocated among existing managers, which she declined to name.