Dorchester Capital Advisors, LLC

Dorchester Capital Advisors manages a family of pooled private funds — including private equity, secondaries, credit secondaries and adjacent-opportunity vehicles — on behalf of institutional limited partners that meet accredited investor and qualified purchaser standards. The firm serves only pooled vehicles (not retail advisory clients) and reports discretionary assets under management of roughly $1.65 billion as of December 31, 2025.

Dorchester’s investment process emphasizes secondary market purchases of existing fund interests and opportunistic direct investments, seeking capital appreciation through purchase discounts and follow-on allocations; funds may also co-invest with affiliated vehicles and enter into follow-on investments identified through its sourcing network. The brochure discloses the use of hedging and trading tools — including futures, options, swaps, short selling and OTC derivatives — as well as limited leverage and currency/security hedging where the general partners deem appropriate.

Distinctive operational features include a multi-jurisdiction fund structure with several Cayman and Luxembourg vehicles and the use of an AIFM sponsor for one Luxembourg fund, detailed allocation policies for capacity-constrained secondary opportunities, and an advisory committee framework for certain funds (e.g., DCS VI) to review cross-trades and related-party matters. The filings also note lifecycle distinctions across the fund suite (for example, Fund V is in a stated “Harvest Period” and DCCOO is in the process of returning capital after a large LP redemption), which informs fee and allocation practices and differentiates Dorchester from many single-strategy managers.