Form D · Private Equity Fund

Portfolio Advisors Secondary Fund V, L.P.

Darien, CT · CIK 0001979741

Offering snapshot reported Nov 13, 2025 · SEC filing

Reported sold
$550M
Indefinite offering
Investors reported
171
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Oct 1, 2023
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$275M$550MOct 16, 2023: $36,625,000.00Oct 16, 2023Oct 16, 2024: $219,030,000.00Oct 16, 2024Nov 13, 2024: $223,330,000.00Nov 13, 2025: $550,482,050.00Nov 13, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$36,625,000 → $550,482,050
  • Reported investors23 → 171

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Nov 13, 2025Amendment$550,482,050$513,857,050vs Oct 16, 2023171SEC filing
Nov 13, 2024Amendment$223,330,000$186,705,000vs Oct 16, 202367SEC filing
Oct 16, 2024Amendment$219,030,000$182,405,000vs Oct 16, 202358SEC filing
Oct 16, 2023Initial$36,625,000No comparison23SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$178K
Finders' fees
$0
Form D file number
021-494776

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Proaltus USA000310955
Morgan Stanley & Co. LLC000008209

Source: Form D, filed Nov 13, 2025. 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 V, LP

Investment adviser: PORTFOLIO ADVISORS LLC

Gross asset value
$1.52B
Beneficial owners
298
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 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

Filing source

Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-7601538235

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

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
NameReported role
William J. Indelicato Executive
John M. Kyles Executive
Pasf Gp V, Llc Executive
Portfolio Advisors, Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Pasf Gp V, Llc 9 Old Kings Highway South
Darien, CT, 06820