Private Advisors has closed its first dedicated Real Assets Fund as of May 31, 2017.
The fund, which focuses on private natural resources, exceeded its target capital raise with $205 million in total commitments.
It invests in small specialist managers and thematic co-investments. It will benefit from Private Advisors’ powerful platform-wide sourcing engine that leverages a stable capital base and the full resources of the firm’s primaries, secondaries and co-investment teams.
The fund’s global investor base spans institutional investors, family offices and high-net-worth individuals, including new relationships and long-time clients of the firm’s broader alternatives platform. Similar to all funds on the firm’s platform, both Private Advisors’ employees and its parent organization, New York Life, made meaningful commitments, underscoring a strong alignment of interests with investors.
Private Advisors is an alternative investment firm managing more than $4.8 billion in assets as of March 31, 2017.