PA Direct Credit Opportunities Fund funds
PA Direct Credit Opportunities Fund has 5 vehicles on the SEC Form D record, in 3 numbered generations, filed from 2016 to 2025. The newest is PA Direct Credit Opportunities Fund IV (Offshore), L.P., first filed Sep 30, 2024. The adviser of record on Form ADV Schedule D is Portfolio Advisors LLC.
- Vehicles
- 5
- Numbered generations
- 3
- First filing
- 2016
- Latest filing
- Sep 30, 2025
Adviser of record (Form ADV Schedule D) Portfolio Advisors LLC (CRD 105981)
Names, dates and status as filed on SEC EDGAR. A Form D is a notice of an exempt offering; the SEC does not review or approve it. Grouped by name; see the last question below.
Fund IV
2 vehicles · first filed · latest filing
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| PA Direct Credit Opportunities Fund IV (Offshore), L.P.CIK 2038477 | Filed within 13 months | EDGAR | |||
| PA Direct Credit Opportunities Fund IV, L.P.CIK 2038478 | Filed within 13 months | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Fund III
2 vehicles · first filed · latest filing
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| PA Direct Credit Opportunities Fund III, L.P.CIK 1765132 | Annual amendment overdue | EDGAR | |||
| PA Direct Credit Opportunities Fund III (Offshore), L.P.CIK 1790553 | Sold the stated amount | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Fund II
1 vehicle · first filed · latest filing
| Vehicle | Sleeve | First filed | Latest filing | Filing record | SEC |
|---|---|---|---|---|---|
| PA Direct Credit Opportunities Fund II, L.P.CIK 1621042 | Annual amendment overdue | EDGAR |
Sold to date and investors
Unlock in the terminal (Investor)Questions about the PA Direct Credit Opportunities Fund funds
- How many PA Direct Credit Opportunities Fund funds are there?
- The SEC Form D record shows 5 vehicles in 3 numbered generations, the earliest filed Jul 11, 2016 and the latest filing on Sep 30, 2025. By generation: Fund IV (2 vehicles, first filed Sep 30, 2024); Fund III (2 vehicles, first filed Jan 22, 2019); Fund II (PA Direct Credit Opportunities Fund II, L.P., first filed Jul 11, 2016).
- What is the latest PA Direct Credit Opportunities Fund fund?
- PA Direct Credit Opportunities Fund IV (Offshore), L.P., which first filed a Form D on Sep 30, 2024 and last amended it on Sep 30, 2025. Its own page carries the filed terms, the people named on the form and every filing on EDGAR.
- Who is the adviser to the PA Direct Credit Opportunities Fund funds?
- Portfolio Advisors LLC (RIA, CRD 105981), joined from Form ADV Schedule D, where an adviser lists each private fund it advises and the fund's Form D file number.
- How much have the PA Direct Credit Opportunities Fund funds raised?
- Each vehicle reports an amount sold and an investor count on its latest Form D or amendment, and those figures are on each vehicle's entity page. The totals by generation are in the AltStreet Terminal (Investor), where master and parallel sleeves that report one family-wide figure are counted once.
- How does AltStreet group these funds into a family?
- By name: the base name minus the fund number, sleeve letters, jurisdiction and legal form, read from each issuer's Form D (lib/edgar/fundFamilies.ts). 'Fund IV' is generation 4; a vehicle whose name carries no number is listed as unnumbered. It is a name-based grouping, not a statement of common control; the filings on each entity page show the related persons as filed.