Portfolio Advisors LLC

Regulatory assets under management

$47.8 billionForm ADV Item 5.F

Gross assets of private funds

$21.9 billionAll private fund types, Form ADV

Private funds managed

92PE 82 · VC 0 · hedge 0

Employees

164Form ADV Item 5.A

Registration

SEC-registered adviserCRD 105981

Latest Form ADV

03/27/2026Disciplinary disclosures: none reported

Private equity funds filing Form D (12)

Fund

First sale

Raised

Investors

Minimum

Offering

Portfolio Advisors Secondary Fund V (Offshore), L.P.

Darien, CT

First saleOct 2023

Raised$874M

Investors133

MinimumNone set

Offering506(b)

PA MAC Fund, L.P.

Darien, CT

First saleDec 2015

Raised$589M

Investors34

MinimumNone set

Offering506(b)

Portfolio Advisors Secondary Fund V, L.P.

Darien, CT

First saleOct 2023

Raised$550M

Investors171

MinimumNone set

Offering506(b)

PA Direct Credit Opportunities Fund IV (Offshore), L.P.

Darien, CT

First saleOct 2024

Raised$323M

Investors24

MinimumNone set

Offering506(b)

Portfolio Advisors Credit Strategies Fund, L.P.

Darien, CT

First saleApr 2013

Raised$308M

Investors176

MinimumNone set

Offering506(b)

Portfolio Advisors Private Equity Fund XII (Offshore), L.P.

Darien, CT

First saleJan 2024

Raised$207M

Investors15

MinimumNone set

Offering506(b)

Portfolio Advisors Private Equity Fund XII, L.P.

Darien, CT

First saleApr 2024

Raised$154M

Investors29

MinimumNone set

Offering506(b)

PA Direct Credit Opportunities Fund IV, L.P.

Darien, CT

First saleOct 2024

Raised$112M

Investors46

MinimumNone set

Offering506(b)

Portfolio Advisors Private Equity Fund 2024, L.P.

Darien, CT

First saleJul 2024

Raised$85.4M

Investors147

MinimumNone set

Offering506(b)

FS Direct Equity Fund VI, L.P.

Philadelphia, PA

First saleJan 2026

Raised$68.0M

Investors4

MinimumNone set

Offering506(b)

Portfolio Advisors Private Equity Fund 2024 (Offshore), L.P.

Darien, CTEmerging

First saleJul 2024

Raised$32.6M

Investors62

MinimumNone set

Offering506(b)

PA Growth & Income Fund, L.P.

Darien, CT

First saleJun 2017

Raised$29.1M

Investors3

MinimumNone set

Offering506(b)

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

Private funds reported on Form ADV (76)

Fund

Gross assets

Minimum

Owners

Adviser

Pa-Ep Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$5.4B

Minimum$250K

Owners2

AdviserPortfolio Advisors LLC

Portfolio Advisors Secondary Fund IV, LP

Delaware, United StatesPrivate equity fund

Gross assets$2.7B

Minimum$5.0M

Owners398

AdviserPortfolio Advisors LLC

PA Direct Credit Opportunities Fund III, LP

Delaware, United StatesPrivate equity fund

Gross assets$1.1B

Minimum$5.0M

Owners204

AdviserPortfolio Advisors LLC

Portfolio Advisors Secondary Fund III, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$1.1B

Minimum$5.0M

Owners296

AdviserPortfolio Advisors LLC

PA Blue Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$869M

Minimum$25K

Owners2

AdviserPortfolio Advisors LLC

PA Palace Fund, LP

Cayman IslandsPrivate equity fund

Gross assets$700M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund IX (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$624M

Minimum$5.0M

Owners39

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund VIII (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$526M

Minimum$5.0M

Owners89

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund X, LP

Delaware, United StatesPrivate equity fund

Gross assets$496M

Minimum$5.0M

Owners102

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2022, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$388M

Minimum$250K

Owners698

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund XI, LP

Delaware, United StatesPrivate equity fund

Gross assets$365M

Minimum$5.0M

Owners111

AdviserPortfolio Advisors LLC

PA Direct Credit Opportunities Fund II, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$358M

Minimum$5.0M

Owners252

AdviserPortfolio Advisors LLC

Portfolio Advisors Real Estate Fund VII, L.P.

Delaware, United StatesReal estate fund

Gross assets$295M

Minimum$5.0M

Owners13

AdviserPortfolio Advisors LLC

Portfolio Advisors Real Estate Fund VIII, L.P.

Delaware, United StatesReal estate fund

Gross assets$291M

Minimum$5.0M

Owners35

AdviserPortfolio Advisors LLC

Portfolio Advisors Credit Strategies Fund, L.P.

Delaware, United StatesPrivate fund

Gross assets$265M

Minimum$5.0M

Owners103

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund VII (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$257M

Minimum$5.0M

Owners60

AdviserPortfolio Advisors LLC

PA Senior Credit Opportunities Fund, L.P.

Delaware, United StatesHedge fund

Gross assets$249M

Minimum$5.0M

Owners17

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund VII, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$184M

Minimum$5.0M

Owners99

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund VI (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$178M

Minimum$250K

Owners47

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund VIII, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$174M

Minimum$5.0M

Owners61

AdviserPortfolio Advisors LLC

PA GP Solutions Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$164M

Minimum$5.0M

Owners29

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund VI, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$158M

Minimum$250K

Owners64

AdviserPortfolio Advisors LLC

Portfolio Advisors Real Estate Fund VI, L.P.

Delaware, United StatesReal estate fund

Gross assets$153M

Minimum$5.0M

Owners24

AdviserPortfolio Advisors LLC

Portfolio Advisors Credit Strategies Fund (Offshore), L.P.

Cayman IslandsPrivate fund

Gross assets$130M

Minimum$5.0M

Owners28

AdviserPortfolio Advisors LLC

Portfolio Advisors Secondary Fund V, LP

Delaware, United StatesPrivate equity fund

Gross assets$121M

Minimum$5.0M

Owners50

AdviserPortfolio Advisors LLC

PA Master Access Fund, Scsp, Sicav-Raif

LuxembourgPrivate equity fund

Gross assets$114M

Minimum$250K

Owners11

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund IX, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$111M

Minimum$5.0M

Owners47

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2022 (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$108M

Minimum$250K

Owners207

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund V (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$91.9M

Minimum$250K

Owners81

AdviserPortfolio Advisors LLC

Silver Cup Partners IV, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$83.2M

Minimum$250K

Owners10

AdviserPortfolio Advisors LLC

Portfolio Advisors Secondary Fund II, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$81.6M

Minimum$5.0M

Owners101

AdviserPortfolio Advisors LLC

Portfolio Advisors Real Estate Fund V, L.P.

Delaware, United StatesReal estate fund

Gross assets$80.0M

Minimum$5.0M

Owners48

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund V, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$79.2M

Minimum$250K

Owners86

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Saguaro Series

Delaware, United StatesPrivate equity fund

Gross assets$78.2M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

PA Portfolio Advisors Secondary Fund L.P.

Delaware, United StatesPrivate equity fund

Gross assets$71.6M

Minimum$5.0M

Owners3

AdviserPortfolio Advisors LLC

PA Growth & Income Fund-A, L.P.

Delaware, United StatesPrivate fund

Gross assets$58.4M

Minimum$5.0M

Owners8

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund IV (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$54.5M

Minimum$250K

Owners90

AdviserPortfolio Advisors LLC

Portfolio Advisors Real Estate Fund IV, L.P.

Delaware, United StatesReal estate fund

Gross assets$54.4M

Minimum$5.0M

Owners24

AdviserPortfolio Advisors LLC

Pa-Ham Asia Investment Vehicle, L.P.

Cayman IslandsPrivate equity fund

Gross assets$53.4M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Gateway Series

Delaware, United StatesPrivate equity fund

Gross assets$52.0M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund IV, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$49.5M

Minimum$250K

Owners114

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Accel Series

Delaware, United StatesPrivate equity fund

Gross assets$43.7M

Minimum$5.0M

Owners3

AdviserPortfolio Advisors LLC

PA Growth & Income Fund, L.P.

Delaware, United StatesPrivate fund

Gross assets$43.3M

Minimum$5.0M

Owners5

AdviserPortfolio Advisors LLC

Longview Private Equity Fund of Funds, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$37.2M

Minimum$250K

Owners7

AdviserPortfolio Advisors LLC

Portfolio Advisors (Offshore) Private Equity Fund III, L.P.

Cayman IslandsPrivate equity fund

Gross assets$35.9M

Minimum$250K

Owners56

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Ram Series

Delaware, United StatesPrivate equity fund

Gross assets$35.7M

Minimum$5.0M

Owners5

AdviserPortfolio Advisors LLC

Portfolio Advisors Asia Fund VI, L.P.

Cayman IslandsPrivate equity fund

Gross assets$34.4M

Minimum$5.0M

Owners6

AdviserPortfolio Advisors LLC

UOB Portfolio Advisors Pan Asia Select Fund III, L.P.

Cayman IslandsPrivate equity fund

Gross assets$31.2M

Minimum$5.0M

Owners15

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Mercurygate Series

Delaware, United StatesPrivate equity fund

Gross assets$30.7M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

Portfolio Advisors Asia Fund V, L.P.

Cayman IslandsPrivate equity fund

Gross assets$30.2M

Minimum$5.0M

Owners11

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund III, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$29.9M

Minimum$250K

Owners103

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Banca March Series

Delaware, United StatesPrivate equity fund

Gross assets$27.9M

Minimum$5.0M

Owners3

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Landing Series

Delaware, United StatesPrivate equity fund

Gross assets$26.5M

Minimum$5.0M

Owners4

AdviserPortfolio Advisors LLC

Portfolio Advisors Real Estate Fund III, L.P.

Delaware, United StatesReal estate fund

Gross assets$26.1M

Minimum$5.0M

Owners12

AdviserPortfolio Advisors LLC

Portfolio Advisors Secondary Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$24.3M

Minimum$5.0M

Owners93

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Panther Series

Delaware, United StatesPrivate equity fund

Gross assets$17.1M

Minimum$5.0M

Owners13

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Dynasty Series

Delaware, United StatesPrivate equity fund

Gross assets$16.6M

Minimum$5.0M

Owners3

AdviserPortfolio Advisors LLC

Portfolio Advisors Asia Secondary Fund VII, L.P.

Cayman IslandsPrivate equity fund

Gross assets$16.0M

Minimum$5.0M

Owners7

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Ais Equity Series

Delaware, United StatesPrivate equity fund

Gross assets$15.6M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Arrow Series

Delaware, United StatesPrivate equity fund

Gross assets$15.2M

Minimum$5.0M

Owners5

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Wildflower Series

Delaware, United StatesPrivate equity fund

Gross assets$15.2M

Minimum$5.0M

Owners3

AdviserPortfolio Advisors LLC

PA Veritas PE Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$13.3M

Minimum$5.0M

Owners4

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Granite Series

Delaware, United StatesPrivate equity fund

Gross assets$12.4M

Minimum$5.0M

Owners5

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Ads Series

Delaware, United StatesPrivate equity fund

Gross assets$12.1M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

UOB Portfolio Advisors Pan Asia Select Fund II, L.P.

Cayman IslandsPrivate equity fund

Gross assets$11.4M

Minimum$5.0M

Owners24

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Ais Debt Series

Delaware, United StatesPrivate equity fund

Gross assets$10.4M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

Bain Capital X Pa Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$9.1M

Minimum$250K

Owners10

AdviserPortfolio Advisors LLC

Portfolio Advisors Asia Fund IV, L.P.

Cayman IslandsPrivate equity fund

Gross assets$7.6M

Minimum$5.0M

Owners10

AdviserPortfolio Advisors LLC

UOB Portfolio Advisors Pan Asia Select Fund, L.P.

Cayman IslandsPrivate equity fund

Gross assets$6.9M

Minimum$5.0M

Owners41

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Beyond Trust Series

Delaware, United StatesPrivate equity fund

Gross assets$5.9M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Phoenix Series

Delaware, United StatesPrivate equity fund

Gross assets$4.9M

Minimum$5.0M

Owners6

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. Offshore - Sun Series

Cayman IslandsPrivate equity fund

Gross assets$4.3M

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

PA Veritas RE Fund, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$756K

Minimum$5.0M

Owners4

AdviserPortfolio Advisors LLC

PA Mac Fund (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$732K

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Mile Series

Delaware, United StatesPrivate equity fund

Gross assets$585K

Minimum$5.0M

Owners2

AdviserPortfolio Advisors LLC

Silver Cup Partners IV-A, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$352K

Minimum$250K

Owners5

AdviserPortfolio Advisors LLC

As reported in the adviser's Form ADV filed Mar 29, 2024. Funds also listed from Form D are shown above.

Fund vehicles: feeder funds and single-deal vehicles (13)

Fund

Gross assets

Minimum

Owners

Adviser

PA Co-Investment Fund IV, LP

Delaware, United StatesPrivate equity fund

Gross assets$391M

Minimum$5.0M

Owners38

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2017, L.p

Delaware, United StatesPrivate equity fund

Gross assets$249M

Minimum$250K

Owners266

AdviserPortfolio Advisors LLC

PA Co-Investment Fund III, LP

Delaware, United StatesPrivate equity fund

Gross assets$235M

Minimum$5.0M

Owners32

AdviserPortfolio Advisors LLC

PA Co-Investment Fund V, LP

Delaware, United StatesPrivate equity fund

Gross assets$172M

Minimum$5.0M

Owners8

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2019, LP

Delaware, United StatesPrivate equity fund

Gross assets$133M

Minimum$250K

Owners144

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2017 (Offshore), L.p

Cayman IslandsPrivate equity fund

Gross assets$47.4M

Minimum$250K

Owners71

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2019 (Offshore), LP

Cayman IslandsPrivate equity fund

Gross assets$41.2M

Minimum$250K

Owners41

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2015, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$30.5M

Minimum$250K

Owners110

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Accel Series II

Delaware, United StatesPrivate equity fund

Gross assets$22.7M

Minimum$5.0M

Owners3

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2012, L.P.

Delaware, United StatesPrivate equity fund

Gross assets$19.2M

Minimum$250K

Owners75

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2015 (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$13.5M

Minimum$250K

Owners18

AdviserPortfolio Advisors LLC

Portfolio Advisors Private Equity Fund 2012 (Offshore), L.P.

Cayman IslandsPrivate equity fund

Gross assets$11.0M

Minimum$250K

Owners23

AdviserPortfolio Advisors LLC

PA Mac Fund, L.P. - Pelion Series I

Delaware, United StatesPrivate equity fund

Gross assets$5.8M

Minimum$5.0M

Owners5

AdviserPortfolio Advisors LLC

Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.

From SEC filings. Firm data comes from the SEC's Form ADV data. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures