Turning a Team into a Portfolio?

My team was recently reorganized within a new division in my company. I’d like to start a new team for the division and then turn my old team into a portfolio within the new division. Is there a way to do this? Any other suggestions?

Team and portfolios are different objects. A project always has to belong to a team, you can’t “move them” to a portfolio. Feel free to create a portfolio with those projects but then move the projects in a different team. You can use my tool to add all projects from a team into a portfolio.