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Secondaries fund raised by Portfolio Advisors
Investors looking to take advantage of the increase in secondary fundraising have allowed such firms as Portfolio Advisors to collect $1.1 billion for its first secondaries vehicle, surpassing its original target of $600 million. The fund, which is 20% committed, consists of 12 transactions made up of 71 funds invested in more than 1,000 companies. AltAssets (11/5)