The board of the Los Angeles Fire and Police Pensions has approved allocating another $200 million to its 17-year-old PE emerging manager program. The allocation would be managed by money manager Portfolio Advisors, while the pension fund is in the process of hiring a private markets investment officer who might also get involved.
Tag: portfolio advisors
Portfolio Advisors seeks associate to join marketing/IR team
Private markets investment manager Portfolio Advisors seeks an associate with three to five years of experience to join its Darien, Connecticut-based marketing and investor relations team. It’s a mid/junior-level position with plenty of opportunity for advancement!
The Firm: Portfolio Advisors is a private equity, private real estate, and private credit investor with $30.6 billion in AUM and an established track record in primary, secondary, direct, and co-investment strategies. Founded in 1994, the firm works closely with clients to tailor private market investment solutions via sponsored fund offerings and customized separate accounts. Portfolio Advisors’s investment professionals conduct due diligence and client service activities from offices in the United States, Switzerland and Hong Kong.
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Portfolio Advisors goes all in on secondaries; more hiring ahead
Portfolio Advisors is no johnny-come-lately to the secondary market, having amassed close to $8 billion under management through a series of diverse secondary funds. But consider that just a taste of what's to come.
Over the next year the Darien, Connecticut-based alternatives asset manager plans to wrap up a $2.25 billion flagship fund earmarked for LP interests in private equity pools; raise a debut $500 million to $1 billion fund earmarked for GP-led secondary transactions; and roll out its first secondary fund registered under the Investment Act of 1940.
Known as a registered investment company, or RIC fund, the '40 Act pool will be marketed to individual investors and small institutional investors. For Portfolio Advisors it's a chance to appeal to a broader set of investors and generate a steadily growing flow of revenue.
Diversity at Portfolio Advisors: “A Plus For Sure”
We’re trying to hire the best people and the best candidates for any position,” said Christopher Genovese, managing director and co-head of the marketing and client services team at alternative investments manager Portfolio Advisors. “To the extent we can broaden the diversity of the team that would be a plus for sure.”
This week Genovese shared with Private Equity Career News this and other details about the opening that he has on his team for a VP-level professional--a search first reported in the June 19 edition of PECN.
About the Firm: Founded in 1994 and based in Darien, Connecticut, Portfolio Advisors manages $26.9 billion on behalf of pension funds, insurance companies, endowments, family offices, wealthy investors and other investor categories around the world. The firm offers access to private equity, private credit and real estate strategies through both commingled funds and separate accounts. It commits some $2 billion to $3 billion per year in the primary market, while also active in secondary investing and co-investments.
Portfolio Advisors adds three senior executives; seeks mid-level marketer
Portfolio Advisors, the Darien, Connecticut-based manager of funds of funds and separate accounts, has added firepower to its senior ranks while also opening a search for a mid-level marketer.
Joining this year as managing director is Brooks Lindberg, who most recently has owned and run his own private equity and real estate firm, Lindberg Capital. Before that, from 2002 to 2016, Lindberg worked for Zug, Switzerland-based alternative investment manager Partners Group.
Two more managing directors already hired plan to start after Labor Day, according to a source close to the firm. That will give the firm, which manages some $27 billion in assets, including private equity, private credit and real estate, about 20 managing directors.