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Private Advisors closes 6th small company private equity fund

Private Advisors has closed its sixth dedicated small company private equity fund, Private Advisors Small Company Private Equity Fund VI with USD350 million in total commitments, exceeding its target of USD

250 million. Private Advisors and its employees, along with parent organization New York Life, committed approximately USD
 
51 million, demonstrating alignment with investors and continued confidence in the strategy. Fund VI is comprised of a diverse client base with over 50% of the capital committed from existing investors in prior funds. The investor base includes foundations, endowments, family offices, and pension funds.
 
Since 1997, Private Advisors has maintained a specific focus on the small company market (North American companies with enterprise values below USD
 
150 million) due to a long held belief that, with proper manager selection, the small company market can offer investors a means of generating consistently attractive private equity returns through an emphasis on growing underlying businesses. Private Advisors believes that Fund VI will benefit from the Firm’s leading position and relationships in the small company private equity market. Fund VI has committed over 50% of capital to ten underlying fund managers across buyout, growth equity and turnaround strategies.
 
Chris Stringer (pictured), Partner and Head of Private Equity at Private Advisors, says: “We appreciate the continued support of our existing investors and are excited to welcome several new investors and strategic relationships outside the U.S. Although the small company market has attracted many new institutional investors recently, we believe that it is Private Advisors’ long-standing, disciplined focus on this market segment that has allowed us to attract a number of new limited partners, including several non-U.S. pension funds. In general, investors are recognizing the relative attractiveness of the small company market and the ability of private equity managers to create value through business building, in other words growing and improving underlying businesses, as opposed to other private equity strategies that are more dependent upon financial engineering or market timing.”
 

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