Private Advisors Closes Small Company Co-Investment IV
RICHMOND, VA – May 1, 2017 – Private Advisors, LLC, a leading alternative investment firm headquartered in Richmond, Virginia, announced today the final close of the firm’s fourth dedicated co-investment program focused on the North American Small Company market (companies with enterprise values typically below $150 million). The program includes commingled and custom vehicles with aggregate capital commitments of $164 million. The target for the program was $125 million.
Private Advisors and its employees, along with parent organization New York Life, made meaningful commitments to the program demonstrating alignment with investors and continued confidence in the strategy. Private Advisors has devoted significant resources to cross-platform origination and underwriting, and the co-investment program benefits from the firm’s overall network of more than 900 General Partners in the Small Company market where Private Advisors has been a leading investor for 20 years.
Chris Stringer, President of Private Advisors, commented: "We believe that our reputation, network, and capital base along with our proactive sourcing efforts across the platform have enabled us to provide our Limited Partners with a powerful co-investment engine. We have experienced strengthening deal flow even as deal volume in the broader market has decreased."
About Private Advisors
Private Advisors, LLC is a leading alternative investment firm managing over $4.7 billion in assets as of March 31, 2017. Private Advisors sources, underwrites, structures, and manages investments in small to mid-sized managers and direct transactions across the liquidity spectrum. Private Advisors integrated platform has expertise in Long/Short Equity, Credit, Real Assets and Small Company Private Equity. The long-term nature of the firm’s capital and range of expertise provides origination and diligence advantages that benefit its investors. Private Advisors builds commingled and customized portfolios on behalf of investors that seek to preserve and grow capital. Private Advisors is an affiliate of New York Life Investment Management LLC, a subsidiary of New York Life Insurance Company. www.privateadvisors.com
New York Life Insurance Company