Portfolio Advisors Private Equity Fund VI

Portfolio Advisors Private Equity Fund VI General Information

Description

Portfolio Advisors Private Equity Fund VI is a 2011 vintage fund of diversified private equity funds managed by Portfolio Advisors. The fund is located in Darien, Connecticut. The fund targets commercial products, industrials, and manufacturing industries. Portfolio Advisors closed its sixth series of funds-of-funds for $1.1 billion on April 4, 2011. PAPEF VI is a globally diversified fund-of-funds that offers a menu-driven investment structure: LPs are asked to allocate commitments in a proportion of their choosing from among the three core private equity sectors of buyout, venture capital, and special situations. The special situations offering is further broken down into the two sub-categories of diversified special situations and distressed, for a total of 5 optional PAPEF investment sectors. Investments will be made in both primary funds and through the purchases of secondary interests in funds. PAPEF VI will make commitments over a 3.5 year investment period and expects to hold these commitments for a 3 to 6 year holding period. To seek further diversification of the vintage years of fund commitments, PAPEF VI will pursue secondary investments. The fund investment team consists of nine investment professionals who perform the manager screening process. On average, this team historically sources an excess of 300 investment proposals, initially rejects approximately 60%, and performs in-person meetings with the approved 40%. This amount usually totals 100 to 125 potential funds, which are subject to further rounds of due diligence. Ultimately, the PAPEF investment team invests in 5% of the deals sourced, creating a portfolio of 12 to 20 underlying funds.