RCP Advisors, a private equity investment firm that offers access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII. This fund closed on about $285 million in aggregate commitments.
The fund has a broad LP base of new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and endowments.
Fund XVIII will be adhering to the same investment strategy that RCP’s predecessor primary funds employ. And the fund will generally target investments with buyout fund managers primarily focusing on less than $1 billion in committed capital. These managers will generally seek to make control-oriented investments in established, small to mid-sized companies with about $3 million to $25 million in EBITDA.
Launched in 2001, RCP Advisors (a subsidiary of P10) is a private equity investment firm that offers access to North American small buyout fund managers through primary funds, secondary funds, co-investment funds, and customized solutions and research services. RCP believes it is one of the largest fund sponsors focused on this niche, with about $14 billion in committed capital and 57 full-time professionals as of May 8, 2024.
KEY QUOTES:
“We want to express our sincere gratitude to our limited partners for their continued faith and confidence in our team and strategy. Small company buyouts continue to provide compelling investment opportunities that we believe are differentiated from and superior to other sectors within the private equity market. We will continue to leverage our industry-leading research, data, and analytics in seeking to realize our goal of generating top-quartile performance for our investors.”
– Tom Danis, Managing Partner at RCP Advisors
