Paul Vais has been named managing director of Patricof & Co. Ventures. He also was made a partner of APA Excelsior V, a $410 million private equity fund.
Investors in the fund include the pension funds of Bell Atlantic Asset Management, New York State Common Retirement Fund, New Hampshire Retirement System and State of Michigan Retirement System.
Mr. Vais joined the New York-based private equity firm in 1997
