Portfolio Advisors raises $835.9m

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Portfolio Advisors has raised $835.9 million to date for its Portfolio Advisors Secondary Fund III, per a SEC filing. The Darien-headquartered firm has set a $1 billion target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

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.