Private Advisors LLC has pulled together $350 million in capital commitments for the firm’s seventh small company private equity fund, Fund VII. The current deal comes less than a month after the firm completed fundraising for its fourth small company co-investment fund.
Fund VII, however, will primarily invest in lower middle-market buyout, growth and distressed private equity funds. The new fund received investments from pension plans, foundations, endowments, insurance, and family offices. Fund VII has already committed more than 50 percent of the fund to “high quality and constrained investments.”