PRIVATE Equity

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Private Equity Fund 2016 (“PE 2016”)

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 2016 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 fifth private equity fund-of-funds to the family to help keep investor’s exposure to private equity constant. This fund closed in October of 2016 with 40 family members choosing to participate. The overall investment by the family was $7,750,000 which was split between these funds:
 

    40% – HarbourVest X

    30% – Weathergage IV

    30% – Portfolio Advisors Secondary Fund III

 

HarbourVest X is expected to consist of primary partnership investments in funds that pursue buyout, recapitalization, turnaround, special situations, and other private equity transactions in a way that creates broad time diversification within the portfolio.

Weathergage IV is a fund‐of‐funds located in Silicon Valley that will invest predominantly in US venture and growth capital funds. The investment program will seek to utilize Weathergage’s well established relationships with elite venture and growth firms and its ability to identify and access attractive new opportunities.

PASF III seeks to create a diversified portfolio of private equity limited partnerships purchased for a discount on the secondary market that will shorten the normal investment timeframe and result in shortened holding periods and provide immediate diversification across vintage years, industries and companies. PASF III may also invest in a limited number of direct private equity co‐investments if attractive risk-adjusted returns exist at the point of investment.