Private Advisors Beats Target for First Real Assets Fund Focused on Natural Resources
RICHMOND, VA – June 28, 2017 – Private Advisors, LLC, a leading alternative investment firm, announced today the close of its first dedicated Real Assets Fund as of May 31, 2017. The Fund, which focuses on private natural resources, exceeded its target capital raise with $205 million in total commitments. The Fund invests in small specialist managers and thematic co-investments. It will benefit from Private Advisors’ powerful platform-wide sourcing engine that leverages a stable capital base and the full resources of the firm’s primaries, secondaries, and co-investment teams.
“The natural resource private equity market has evolved dramatically over the last decade, generating new opportunities that are both diverse and increasingly complex. We are deeply thankful for our investors’ support, and we believe this Fund has the potential to produce attractive total returns and inflation protection for them,” said Zac McCarroll, partner at Private Advisors.
Zac McCarroll leads all aspects of Private Advisors’ real assets investment strategy. With nearly two decades of natural resources and real assets experience, he possesses a deep knowledge of the sector and how to navigate its complexities to the benefit of investors. Most recently, he helped build a successful natural resources program for one of the largest endowments in the world.
The Fund’s global investor base spans institutional investors, family offices, and high net worth individuals, including new relationships and long-time clients of the firm’s broader alternatives platform. Similar to all funds on the firm’s platform, both Private Advisors’ employees and its parent organization New York Life made meaningful commitments, underscoring a strong alignment of interests with investors.
About Private Advisors
Private Advisors, LLC is a leading alternative investment firm managing over $4.8 billion in assets as of March 31, 2017. Private Advisors sources, underwrites, structures, and manages investments in small to mid-sized managers and direct transactions across the liquidity spectrum. Private Advisors integrated platform has expertise in Long/Short Equity, Credit, Real Assets and Small Company Private Equity. The long-term nature of the firm’s capital and range of expertise provides origination and diligence advantages that benefit its investors. Private Advisors builds commingled and customized portfolios on behalf of investors that seek to preserve and grow capital. Private Advisors is an affiliate of New York Life Investment Management LLC, a subsidiary of New York Life Insurance Company. www.privateadvisors.com.
New York Life Insurance Company