Private Advisors Nabs $211M For Fund IV

Firm: Private Advisors

Fund: Private Advisors Small Company Buyout Fund IV

Target: $200M

Amount Raised: $211.5M

Private Advisors has raised $211.5 million for its fourth fund of funds earmarked for small-cap buyout and growth equity funds, a source told sister Web site peHUB.

The final close for Private Advisors Small Company Buyout Fund IV occurred on July 29. The pool had a $200 million target, the person said. It’s not clear if Private Advisors used a placement agent. Of the pool’s 38 limited partners, 12 are re-ups, the source said.

Fund IV has already committed $117.5 million to 11 private equity funds, the source said.

Richmond, Va.-based Private Advisors, a funds-of-funds that invests in hedge and private equity funds, has more than $3.5 billion in assets under management.

(Luisa Beltran is a reporter for sister Web site peHUB.)