Portfolio Advisors raises $740m

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Portfolio Advisors, an American private equity investment advisory and portfolio management firm, announced the final close of its second direct credit fund at $740 million.

The fund, PA Direct Credit Opportunities Fund II (PADCOF II), seeks to provide junior debt financing to U.S. mid-market companies undergoing buyouts, recapitalizations or growth equity transactions.

The investor base comprises pension funds, insurance companies, foundations, endowments, family offices and high net worth individuals both in the U.S. and abroad.