Investment adviser · CRD 105981

PORTFOLIO ADVISORS LLC

Investment adviser filing (IA)

DARIEN, CT, United States · Form ADV filed Mar 27, 2026

Regulatory AUM: $47.8B
Client accounts: 123
Employees: 164
Advisory professionals: 83

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	113	$24,679,523,033	51.6%
Government entities	Fewer than 5	$18,050,957,488	37.7%
Charities	Fewer than 5	$2,308,571,819	4.8%
Investment companies	1	$1,685,162,798	3.5%
Retirement plans	Fewer than 5	$1,109,753,697	2.3%
Insurance companies	Fewer than 5	$8,566,431	0.0%

Filing source

Form ADV 2070706 · Mar 27, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

PA-EP FUND, L.P.Private Equity Fund · Last reported Mar 27, 2026$5.53BGross asset value

Fund administrator AD CARTA, LLC DARIEN, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian ALEX BROWN A DIVISION OF RAYMOND JAMES BALTIMORE, Maryland, United States Related to adviser: No

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Custodian MERRILL LYNCH SALT LAKE CITY, Utah, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-6764764528
Reported beneficial owners: 2
Minimum commitment: $250K

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PORTFOLIO ADVISORS SECONDARY FUND IV, LPPrivate Equity Fund · Last reported Mar 27, 2026$2.4BGross asset value

Form D fundraising filings

Portfolio Advisors Secondary Fund IV, L.P.

Feeder funds

PA SECONDARY FUND IV ( IRELAND), ILP
PORTFOLIO ADVISORS SECONDARY FUND IV (OFFSHORE), LP

Fund administrator AD CARTA, LLC DARIEN, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian ALEX BROWN A DIVISION OF RAYMOND JAMES BALTIMORE, Maryland, United States Related to adviser: No

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Marketer LYTTON FINANCIAL INC. TORONTO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-6848332443
Reported beneficial owners: 402
Minimum commitment: $5M
Form D file number: 021-358020

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PORTFOLIO ADVISORS SECONDARY FUND V, LPPrivate Equity Fund · Last reported Mar 27, 2026$1.52BGross asset value

Form D fundraising filings

Portfolio Advisors Secondary Fund V, L.P.

Feeder funds

PORTFOLIO ADVISORS SECONDARY FUND V (OFFSHORE), L.P.

Fund administrator AD CARTA, LLC DARIEN, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Marketer CROWNROCK PARTNERS SEOUL, Korea, South Related to adviser: No

Marketer FALCOM INTERNATIONAL LTDA SANTIAGO, Chile Related to adviser: No

Marketer HEPTAGON CAPITAL LONDON, United Kingdom Related to adviser: No

Marketer KONOMI, INC TOKYO, Japan Related to adviser: No

Marketer LYTTON FINANCIAL INC. TORONTO, Canada Related to adviser: No

Marketer MAVIRA PARTNERS LONDON, United Kingdom Related to adviser: No

Marketer MORGAN STANLEY SMITH BARNEY LLC NEW YORK, New York, United States Related to adviser: No

Marketer PANGEA FREIENBACH, Switzerland Related to adviser: No

Marketer SANTANDER LONDON, United Kingdom Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-7601538235
Reported beneficial owners: 298
Minimum commitment: $5M
Form D file number: 021-494776
Form D file number: 021-494777

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PA MASTER ACCESS FUND, SCSP, SICAV-RAIFPrivate Equity Fund · Last reported Mar 27, 2026$1.27BGross asset value

Fund administrator ALTERDOMUS LUXEMBOURG, Luxembourg Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LUXEMBOURG, Luxembourg

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Custodian SILICON VALLEY BANK BOSTON, Massachusetts, United States Related to adviser: No

Marketer HEPTAGON CAPITAL LONDON, United Kingdom Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GRANT THORNTON
PCAOB 248

Fund details & source

Fund ID: 805-9463955805
Reported beneficial owners: 0
Minimum commitment: $250K

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PA DIRECT CREDIT OPPORTUNITIES FUND III, LPPrivate Equity Fund · Last reported Mar 27, 2026$951MGross asset value

Form D fundraising filings

PA Direct Credit Opportunities Fund III, L.P.

Feeder funds

PA DIRECT CREDIT OPPORTUNITIES FUND III (OFFSHORE), LP

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Marketer LYTTON FINANCIAL INC. TORONTO, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-1863994971
Reported beneficial owners: 206
Minimum commitment: $5M
Form D file number: 021-330987

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PORTFOLIO ADVISORS SECONDARY FUND III, L.P.Private Equity Fund · Last reported Mar 27, 2026$943MGross asset value

Form D fundraising filings

Portfolio Advisors Secondary Fund III, L.P.

Feeder funds

PA SECONDARY FUND III ( IRELAND), ILP
PORTFOLIO ADVISORS PRIVATE EQUITY FUND 2017 FEEDER L.P
PORTFOLIO ADVISORS SECONDARY FUND III (OFFSHORE), LP

Fund administrator AD CARTA, LLC DARIEN, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian ALEX BROWN A DIVISION OF RAYMOND JAMES BALTIMORE, Maryland, United States Related to adviser: No

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-9898951571
Reported beneficial owners: 297
Minimum commitment: $5M
Form D file number: 021-249665

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PA BLUE FUND, L.P.Private Equity Fund · Last reported Mar 27, 2026$764MGross asset value

Form D fundraising filings

PA Blue Fund, L.P.

Fund administrator AD CARTA, LLC STAMFORD, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA STAMFORD, Connecticut, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-8376550050
Reported beneficial owners: 2
Minimum commitment: $25K
Form D file number: 021-255401

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 27, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets · Hourly · Fixed · Performance-based

Principal office

9 OLD KINGS HIGHWAY SOUTH
DARIEN, CT, 06820, United States

CRD 105981

Filing source

Form ADV 2070706 · Mar 27, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.