PRIVATE Equity
Private Equity Fund 2013 (“PE 2013”)
Fund Overview
Fund Goal
To provide long term capital appreciation through investment in equity securities that are not freely tradable on a public stock market.
Who Can Invest
Private Equity Fund 2013 is closed to new investors.
Who Might Want to Invest
An investor who:
- Wants to diversify a conservative portfolio by investing a portion of his or her money beyond the public securities markets and into private equity.
- Wants the potential for superior long-term returns and is willing to assume a higher level of risk.
- Can accept the illiquidity inherent in private equity investing.
Strategy and Fund Description
SEP offered its fourth private equity fund-of-funds to the family in early 2013. Overall, 30 family members joined together to commit $6,100,000 to this program. This was split evenly between Portfolio Advisors Private Equity Fund VII (“PAPEF VII”) and Portfolio Advisors Secondary Fund II (“PASF II”).
The two underlying fund-of-funds are similar to SEP’s previous investments with Portfolio Advisors. PAPEF VII invests in new buyout, venture and special situation funds. PASF II purchases older funds, sometimes from distressed sellers, but always at a discount.