Private Advisors has raised $350 million to date for its Private Advisors Small Co Private Equity Fund VII. The Richmond-headquartered firm had a $350 million hard-cap and began fundraising in 2015.
Its previous fund raised $350 million in 2015.
Investors that committed to Private Advisors Small Co Private Equity Fund VII include the City of Milwaukee Employees Retirement System and New York Life Insurance Company.
The fund will target lower-middle market buyout, growth and distressed private equity fund opportunities in a diverse number of sectors in North America.