January 2022 – PASF IV Final Close Announcement

Portfolio Advisors Closes Largest Fund in Firm’s 28-Year History

Darien, Connecticut – January 2022 – Private markets specialist Portfolio Advisors, LLC (“PA”) is pleased to announce the successful closing of its fourth private equity secondaries fund, Portfolio Advisors Secondary Fund IV (“PASF IV”). PASF IV is the largest fund in the firm’s 28-year history, closing on $2.67 billion, materially exceeding its original $1.5 billion target.

The fund secured commitments from approximately 400 new and existing limited partners ranging from pension funds, foundations, endowments and insurance companies to family offices and high net worth clients. Approximately half of the limited partners come from the United States, with the remaining client base spread globally across Canada, Europe, South America and Asia.

“We are extremely grateful to all of our investors for their support and excited to continue generating attractive risk-adjusted returns in this robust secondary environment,” says Hugh Perloff, Managing Director and Co-Head of LP Secondary Investments.

To date, PASF IV has closed 28 transactions representing approximately $1.7 billion in exposure across 120 underlying fund partnerships.  “With the secondary market achieving record deal volume in 2021 and more growth expected, we can be highly selective given our strong long-term relationships with high quality managers,” says Patrick Gerbracht, Managing Director and Co-Head of LP Secondary Investments.

Portfolio Advisors began investing in secondaries in 2002 and has executed more than $7.0 billion of secondary transactions across multiple vehicles to date.  The firm deploys primary capital commitments of nearly $3 billion annually on behalf of its clients, giving the firm a strong position in the sponsor community as a strategic secondary buyer. These relationships with a wide range of top tier general partners allow the firm to provide its investors with diverse and highly sought access to specialty secondary opportunities.

 


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 a variety of investment programs in private equity, private credit and private real estate. Founded in 1994, the firm manages approximately $30.6 billion in assets and is supported globally by more than 120 employees in five offices across North America, Europe and Asia.

Contact:

Stephen Sloan, Managing Director, Global Head of Secondaries, 203-662-3067 or ssloan@portad.com
Hugh Perloff, Managing Director, Co-Head of LP Secondaries, 203-662-3463 or hperloff@portad.com
Patrick Gerbracht, Managing Director, Co-Head of LP Secondaries, 203-662-3318 or pgerbracht@portad.com
Justin Lux, Managing Director, Co-Head of LP Secondaries, 203-662-3307 or jlux@portad.com


Main

9 Old Kings Highway South, Darien, Connecticut 06820

Europe

Brandschenkestrasse 4, 8001 Zurich, Switzerland

Asia

33/F, Alexandra House, 18 Chater Road, Central, Hong Kong