PA Direct Credit Opportunities Fund III, LP
Private Equity FundFund ID 805-1863994971Delaware, United States
Gross assets
$950.8M
Min. investment
$5M
Beneficial owners
206
Size rank
Top 8%
Audited
Yes
Structure
Master
About this fund
PA Direct Credit Opportunities Fund III, LP is a private equity fund managed by Portfolio Advisors LLC. The fund reports $950.8 million in gross assets, placing it among the top 8% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-1863994971 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | Yes |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Pa-Ep Fund, L.P. | Private Equity | $5.53B |
| Portfolio Advisors Secondary Fund IV, LP | Private Equity | $2.4B |
| Portfolio Advisors Secondary Fund V, LP | Private Equity | $1.52B |
See all 91 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is PA Direct Credit Opportunities Fund III, LP?
PA Direct Credit Opportunities Fund III, LP reports $950.8 million in gross assets, among the top 8% of private funds by size.
What is the minimum investment for PA Direct Credit Opportunities Fund III, LP?
The stated minimum investment is $5 million.
Who manages PA Direct Credit Opportunities Fund III, LP?
PA Direct Credit Opportunities Fund III, LP is managed by Portfolio Advisors LLC.
Does PA Direct Credit Opportunities Fund III, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
P
Darien, CT
Service providers
Prime broker
None reported
Custodian
Administrator
Auditor
Marketer
Reported gross assets
$950.8M▼ 11%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 8%
Larger than 92% of 67,041 private funds
Gross assets vs Private Equity FundsTop 7%
Larger than 93% of 31,066 private equity funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum
Investor base
Adviser & related persons3%
Funds of funds2%
Non-U.S. persons33%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.