Portfolio Advisors, LLC, a Darien, Connecticut-based private markets-focused investment firm, closed its third co-investment fund, at $500m.
PA Co-Investment Fund III held a final closing on December 31, 2018, receiving support from existing and new investors, which included pension funds, insurance companies, foundations, endowments, family offices and high net worth individuals both in the U.S. and abroad.
Consistent with the strategy of the firm’s prior co-investment offerings, PCIF III will invest in established U.S. middle market companies alongside top-tier private equity sponsors. The fund will leverage PA’s firm-wide sourcing efforts and long-standing relationships to create a diversified portfolio of high-quality investments.
To date, PCIF III has invested over 50% of its capital in 17 transactions.
The firm’s dedicated co-investment team is led by Managing Directors Adam Clemens and Ken Binick, who have nearly 50 years of combined private markets investment experience and have worked together at PA for the past eight years.
Founded in 1994, Portfolio Advisors is an independent, private markets investment specialist with more than $23 billion in assets under management. The firm, which also has offices in Switzerland and Hong Kong, provides tailored private equity, private real estate and private credit investment solutions through funds and custom advisory solutions via primary partnerships, secondary purchases, co-investments and direct mezzanine investments.
Since 2008, PA has executed more than 60 middle market co-investment transactions and has established a successful track record.