Portfolio Advisors Raises $811 Million for its Tenth Global Private Equity Multi-Strategy Fund
Darien, Connecticut – February 15, 2021 – Private markets specialist Portfolio Advisors, LLC (“PA”) has held a final close on its tenth global private equity multi-strategy fund, Portfolio Advisors Private Equity Fund X (“PAPEF X” or the “Fund”), raising $811.5 million in limited partner commitments.
PAPEF X was supported by a diverse group of limited partners, including private and public pension plans, university endowments, private foundations, insurance companies, family offices and high net worth individuals. A significant proportion of the Fund’s commitments came from investors who had previously invested in one or more PA-sponsored funds.
Similar to its predecessors, the Fund’s structure allows limited partners to customize their allocations across Primary (Buyout, Venture Capital and Special Situations) and Opportunistic (Secondaries, Co-Investments) sectors, or to select a model portfolio reflecting PA’s recommendations across all sectors.
“We’re pleased with the commitments to PAPEF X from both new and existing investors – particularly given the challenging fund-raising environment due to the pandemic,” said Brian Murphy, Managing Member of PA. “We believe PAPEF’s flexible, menu-driven approach for limited partners is an attractive and differentiating feature of our funds, and we’re very grateful for our investors’ support.”
In aggregate, including ten PAPEF funds since 2000, private markets funds managed by Portfolio Advisors have raised more than $21.7 billion in commitments across private equity, private real estate and private credit. The Firm has provided advisory and separate account services since 1994.
About Portfolio Advisors
Portfolio Advisors, LLC is a U.S. middle-market private asset management specialist that builds value for its clients and partners through multi-strategy investment programs in private equity, private credit, and private real estate. The firm’s global investment and client services capabilities are supported by offices in North America, Europe, and Asia.
Brian Murphy, Managing Member, 203-662-3459 or email@example.com
Eric Thunem, Managing Director, 203-662-3334 or firstname.lastname@example.org
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