Form D · Private Equity Fund

PORTFOLIO ADVISORS SECONDARY FUND, L.P.

Darien, CT · CIK 0001432834

Offering snapshot reported Nov 13, 2009 · SEC filing

Reported sold: $767M
Investors reported: 54
Minimum accepted: $0
First sale: Feb 28, 2008

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 13, 2009	Amendment	$766,628,239	No comparison	54	SEC filing
Apr 15, 2008	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

Securities: Not reported
Exemptions: 06, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $473K (estimated)
Form D file number: 021-117233

1)Fortress ($466,412)-Agent earned compensation and may earn future compensation pursuant to the terms of its Agreement. 2)RBC($6,231)-No compensation earned to date. 3)Bhargava($0)-No compensation earned to date.

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
Fortress Group, Inc.	104408
RBC Wealth Management	31194
Bhargava Wealth Management, LLC	131817

Source: Form D, filed Nov 13, 2009. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

PORTFOLIO ADVISORS SECONDARY FUND, L.P.

Investment adviser: PORTFOLIO ADVISORS LLC

Gross asset value: $11.1M
Beneficial owners: 93
ADV minimum commitment: $5M

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

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

Filing source

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-3094125314

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

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
PORTFOLIO ADVISORS SECONDARY FUND, L.P. (this fund)	Nov 13, 2009	$766,628,239	54
Portfolio Advisors Secondary Fund II, L.P.	Jan 15, 2014	$679,886,500	79
Portfolio Advisors Secondary Fund III, L.P.	Jul 25, 2017	$629,708,600	138
Portfolio Advisors Secondary Fund IV, L.P.	Jan 19, 2022	$2,669,898,532	233
Portfolio Advisors Secondary Fund V, L.P.	Nov 13, 2025	$550,482,050	171

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Paul R. Crotty	Executive
Pasf (Gp), Llc Pasf (Gp), Llc	Executive
Portfolio Advisors, Llc Portfolio Advisors, Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Portfolio Advisors, Llc 9 Old Kings Highway South
Darien, CT, 06820