Portfolio Advisors Raises $485 million for Real Estate; Closes Sixth Fund
DARIEN, CT – August 1, 2017 – Portfolio Advisors, LLC, a private markets-focused investment firm, announced today the successful closing of $485 million of capital for Portfolio Advisors Real Estate Fund VI (“PAREF VI”) and its affiliated vehicles. PAREF VI held its final closing on June 30, 2017. Approximately 80% of limited partner commitments were from investors who had previously invested in one of more Portfolio Advisors funds and included pension funds, insurance companies, foundations, endowments, and family offices.
Similar to its predecessor funds, PAREF VI invests in value-added and opportunistic real estate through primary fund commitments, secondary investments and co-investments. To date, on a global basis, PAREF VI has made eight primary fund commitments, purchased interests in over 26 real estate partnerships on the secondary market, and participated in five direct co-investments. Including investments either under agreement or pre-identified, the Fund is already approximately 80% invested.
“We are sincerely grateful for the trust and support from our existing and new limited partners. We continue to see compelling real estate opportunities in the market and are dedicated to finding investments for PAREF VI that have the potential to generate attractive risk-adjusted returns for our investors”, said Ken Wisdom, Managing Director and Head of Real Estate at Portfolio Advisors.
The PAREF series of funds are closed-end vehicles focused on value-added and opportunistic real estate investments.
About Portfolio Advisors
Portfolio Advisors, LLC is an independent, employee-owned investment firm with approximately $21 billion of assets under management. The firm provides a full range of private real estate, private equity and private debt investment advisory and portfolio management services to an investor base of more than 1,400 limited partners. Portfolio Advisors has a global footprint, with more than 90 employees across its offices in Connecticut, Zurich and Hong Kong.
Kenneth Wisdom, Managing Director, at +1 (203) 662-3467 or email@example.com
Brian Murphy, Managing Member, at +1 (203) 662-3459 or firstname.lastname@example.org
Old Kings Highway South, Darien, Connecticut 06820
Brandschenkestrasse 4, 8001 Zurich, Switzerland
33/F, Alexandra House, 18 Chater Road, Central, Hong Kong