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Fundraising - MAY 2, 2014

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Portfolio Advisors raises $195m for fifth fund

by Andrea Waitrovich

Portfolio Advisors has raised $195 million for its fifth real estate fund, Portfolio Advisors Real Estate Fund V, according to a filing with the SEC.

PAREF V will target opportunistic and value-added funds focusing on the office, residential, retail, hotel and assisted-living sectors as well as secondary fund interests. The commingled vehicle also will target funds focused on self-storage and industrial warehouses to a lesser degree. The fund seeks investment opportunities globally, with an emphasis on the United States, Western and Central Europe and certain markets in Asia.

PAREF V has the same investment strategy as PAREF IV, which closed in 2011 with $400 million in equity commitment. Portfolio Advisors is currently investing the fund’s capital. The firm’s previous global real estate fund, PAREF III, closed with $147 millio

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