Portfolio Advisors announced Monday the final close of its fund-of-funds pool, Portfolio Advisors Private Equity Fund VI, which raised $1.1 billion. Investors include private and public pension plans, university endowments, private foundations, insurance companies, family offices and high net worth individuals. Portfolio’s prior fund, PAPEF V, closed at $1.045 billion in 2008.
Portfolio Advisors, LLC (“PA”) announces the final closing of its global diversified private
equity fund-of-funds, Portfolio Advisors Private Equity Fund VI (“PAPEF VI” or the “Fund”),
with total commitments of $1.103 billion. Limited partners include private and public pension
plans, university endowments, private foundations, insurance companies, family offices and high
net worth individuals. More than 80% of the total limited partner commitments to the Fund
came from investors who had previously invested in one or more PA-sponsored funds.
The structure of PAPEF VI permitted each limited partner to customize its commitment by
selecting its desired sector allocations and proportions of private equity exposure from among
three principal strategy choices—Diversified Buyout, Diversified Venture Capital and
Diversified Special Situations—with the further ability to make choices among three sub-sectors
(U.S. Middle Market Buyout, Europe & Rest-of-World Middle Market Buyout and Distressed).
All sectors include opportunistic secondary market purchases.
PAPEF VI has been making commitments to primary funds and purchasing direct secondary
fund interests since its initial closing in 2008.
The firm’s previous diversified private equity fund, PAPEF V, closed at $1.045 billion in 2008.
Portfolio Advisors, LLC is an independent, employee-owned firm that provides a full range of
private equity and private real estate investment advisory and portfolio management services to
sophisticated investors in North America, Europe and Asia.