Portfolio Advisors, LLC is an independent, employee-owned firm that provides tailored private equity, private real estate and private credit investment solutions through separately managed accounts, commingled fund-of-funds programs and direct funds. We invest on behalf of our clients and funds through primary partnerships, secondary purchases, co-investments and direct mezzanine investments. More than 1,000 limited partners have invested in various Portfolio Advisors sponsored funds. Portfolio Advisors has been an Investment Advisor registered with the U.S. Securities and Exchange Commission since 1994, and is also a Qualified Professional Asset Manager in the U.S. With offices in the U.S., Europe and Asia, Portfolio Advisors has established a global footprint in a global asset class.
We provide separate account Investment Advisory Services on both a discretionary and non-discretionary basis. Portfolio Advisors currently has approximately $21 billion in assets under management (AUM) as of August 31, 2017.
Portfolio Advisors manages private equity, private real estate and private credit funds-of-funds as well as direct funds. PA currently manages 31 funds which, in the aggregate, represent over $16 billion in investor commitments (the AUM of these funds is included in total firm AUM). Within our funds, we seek to diversify investments across a broad range of strategies and geographies.
In addition to our separate account advisory and fund management businesses, PA has a number of larger institutional clients for whom we provide Portfolio Administration and Reporting Services only. Portfolio Advisors provides Portfolio Administration and Reporting Services for all clients representing approximately $46 billion in original private equity and private real estate commitments. Our proprietary PRIVILEGe® database contains details on more than 2,000 partnerships.