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Portfolio Advisors Establishes PADCOF II Direct Credit Fund

04.25.17

Simpson Thacher represented Portfolio Advisors in raising $740 million to establish PA Direct Credit Opportunities II, a direct credit fund, that held its final closing on March 31. Portfolio Advisors is an employee-owned investment firm managing more than $37 billion in assets.

The Simpson Thacher team included Olga Gutman, Steven Homan, Elizabeth Muscarella and Adam Weiner (Investment Funds); Marcy Geller (Tax); and Jeanne Annarumma (ECEB).