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Private Advisors adds two managing directors

Richmond, Virginia-based alternative investment firm Private Advisors has added Zac McCarroll and Richard Wiltshire as managing directors. Most recently, McCarroll worked for the University of Texas Investment Management Company while Wiltshire was a a senior investment officer for the Virginia Retirement System.

NY Shop To Close Fund V At Hard Cap

Cortec Group expects to close its fifth buyout fund at its $620 million hard cap on Wednesday, a source close to the fundraising effort told Buyouts. The New York-based shop raised $600 million in commitments from LPs, and principals at the firm are committing an additional $20 million. The firm’s target had been $500 million. […]

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