Portfolio Advisors has raised $392 million for its Portfolio Advisors Secondary Fund III, according to a SEC filing. The Darien-headquartered firm began fundraising in 2015 with a $1 billion target.
Its previous fund raised $910 million in 2014.
Investors that committed to Portfolio Advisors Secondary Fund III include the Missouri Local Government Employees' Retirement System and the El Paso County Pension System.
The fund will target secondaries opportunities in a diverse number of sectors in North America and Europe.