Form D · Private Equity Fund
Portfolio Advisors Secondary Fund V (Offshore), L.P.
Darien, CT · CIK 0001979869
Offering snapshot reported Nov 13, 2025 · SEC filing
- Reported sold
- $874M Indefinite offering
- Investors reported
- 133 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Oct 1, 2023 As reported in this filing
Fundraising history
Reported soldDates 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$83,225,000 → $873,825,000
- Reported investors26 → 133
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Nov 13, 2025 | Amendment | $873,825,000 | $790,600,000vs Oct 16, 2023 | 133 | SEC filing |
| Nov 13, 2024 | Amendment | $583,275,000 | $500,050,000vs Oct 16, 2023 | 73 | SEC filing |
| Oct 16, 2024 | Amendment | $607,000,000 | $523,775,000vs Oct 16, 2023 | 67 | SEC filing |
| Oct 16, 2023 | Initial | $83,225,000 | No comparison | 26 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $836K
- Finders' fees
- $0
- Form D file number
- 021-494777
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Heptagon Capital | None | |
| Proaltus USA | 000310955 | |
| Lytton Financial Inc. | None | |
| Konomi, Inc. | None | |
| Carbyne Investimentos | None | |
| Morgan Stanley & Co. LLC | 000008209 |
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 (OFFSHORE), L.P.
Investment adviser: PORTFOLIO ADVISORS LLC
- Gross asset value
- Not reported
- Beneficial owners
- Not reported
- ADV minimum commitment
- Not reported
Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
No provider names available in this fund's imported disclosure.
Provider details
- Annual audit
- Not reported
- Prime brokers
- Not reported
- Custodians
- Not reported
- Administrator other than the adviser
- Not reported
- External marketing
- Not reported
Filing source
Form ADV 2070706 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-1827450051
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.
| Name | Reported 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:Darien, CT, 06820