Implementation and final closing of Portfolio Advisors' PAPEF XI program

Elvinger Hoss Prussen assisted Portfolio Advisors on the set-up and final close of the Luxembourg component of its PAPEF XI program. PAPEF XI raised just over $1 billion in limited partner commitments. The platform surpassed its original target of $750 million. PAPEF XI allows limited partners to customize their allocations across four primary sectors (U.S. mid-market buyout, global buyout, venture capital and special situations) and two opportunistic sectors (secondaries and co-investment). Partner Nicolas Fermaud (Funds) led the Elvinger New York team comprised of Olivier Malherbe, Capucine Freydrich and Tomas Baecke.