Scoop: Private Advisors Nabs $211M for Fund IV

Private Advisors has raised $211.5 million for its fourth fund that will target small cap buyout and growth equity funds, a source says.

The final close for Private Advisors Small Company Buyout Fund IV occurred on July 29. The pool had a $200 million target, the person says.

It’s not clear if Private Advisors used a placement agent.

Fund IV has already committed $117.5 million to 11 PE funds, the source says. Of the pool’s 38 LPs, twelve are re-ups, the source says.

Richmond, Va.-based Private Advisors, a funds-of-funds that invests in hedge and private equity funds, has more than $3.5 billion in assets under management.