RCP Advisors Closes Secondary Opportunity Fund V on $1.26 Billion, Exceeding Target Size
P10 Inc (NYSE: PX) announced the successful closing of RCP Secondary Opportunity Fund V, which raised $1.26 billion in capital commitments, exceeding its initial target of $1 billion. The fund, managed by RCP Advisors, attracted a diverse group of investors including high net worth individuals, pension funds, endowments, foundations, and insurance companies.
The Fund will focus on secondary market purchases and transactions in private equity funds specializing in leveraged buyout, growth, or restructuring deals in the North American small buyout space. This represents a continuation of RCP Advisors' established investment strategy from previous secondary funds.
P10 Inc (NYSE: PX) ha annunciato la chiusura con successo del RCP Secondary Opportunity Fund V, che ha raccolto 1,26 miliardi di dollari in impegni di capitale, superando l'obiettivo iniziale di 1 miliardo. Il fondo, gestito da RCP Advisors, ha attratto un variegato gruppo di investitori tra cui individui ad alto patrimonio, fondi pensione, dotazioni, fondazioni e compagnie assicurative.
Il fondo si concentrerà su acquisti e operazioni nel mercato secondario di fondi di private equity specializzati in leveraged buyout, crescita o ristrutturazione, nel settore del small buyout nordamericano. Ciò rappresenta una continuazione della strategia di investimento consolidata da RCP Advisors nei fondi secondari precedenti.
P10 Inc (NYSE: PX) anunció el cierre exitoso del RCP Secondary Opportunity Fund V, que captó 1,26 mil millones de dólares en compromisos de capital, superando su objetivo inicial de 1 mil millones. El fondo, gestionado por RCP Advisors, atrajo a un grupo diverso de inversores, entre ellos particulares adinerados, fondos de pensiones, dotaciones, fundaciones y aseguradoras.
El fondo se centrará en compras de mercado secundario y transacciones en fondos de private equity especializados en leveraged buyout, crecimiento o reestructuración en el espacio de small buyout en Norteamérica. Esto representa la continuación de la estrategia de inversión establecida por RCP Advisors en fondos secundarios anteriores.
P10 Inc (NYSE: PX)가 RCP Secondary Opportunity Fund V의 성공적인 마감을 발표했으며, 12억6천만 달러의 자본 약정을 모금해 초기 목표인 10억 달러를 초과했습니다. 이 펀드는 RCP Advisors가 운용하며 고액자산가, 연금 기금, 기부금, 재단 및 보험회사를 비롯한 다양한 투자자들을 유치했습니다.
펀드는 레버리지 매입, 성장 또는 구조조정 거래를 전문으로 하는 사내급의 프라이빗에쿼티 펀드의 2차 시장 매입 및 거래에 중점을 둘 예정입니다. 이는 RCP Advisors가 이전의 2차 펀드들로 확립한 투자 전략의 연속입니다.
P10 Inc (NYSE: PX) a annoncé la clôture réussie du RCP Secondary Opportunity Fund V, qui a réuni 1,26 milliard de dollars de commitments, dépassant son objectif initial d’1 milliard. Le fonds, géré par RCP Advisors, a attiré un groupe diversifié d’investisseurs incluant des personnes fortunées, des fonds de pension, des dotations, des fondations et des compagnies d’assurance.
Le fonds se concentrera sur des achats sur le marché secondaire et des transactions dans des fonds de private equity spécialisés dans le leveraged buyout, la croissance ou la restructuration, dans le domaine du small buyout nord-américain. Cela représente la continuité de la stratégie d’investissement établie par RCP Advisors dans les fonds secondaires précédents.
P10 Inc (NYSE: PX) gab den erfolgreichen Abschluss des RCP Secondary Opportunity Fund V bekannt, der 1,26 Milliarden USD an Kapitalzusagen eingeworben hat und damit das ursprüngliche Ziel von 1 Milliarde übertraf. Der von RCP Advisors verwaltete Fonds zog eine vielfältige Investorengruppe an, darunter vermögende Privatpersonen, Pensionsfonds, Stiftungen, Endowments und Versicherungsgesellschaften.
Der Fonds wird sich auf Second-Hand-Market-Käufe und Transaktionen in Private-Equity-Fonds spezialisieren, die Leveraged Buyout-, Wachstums- oder Restrukturierungsdeals im nordamerikanischen Small-Buyout-Segment durchführen. Dies stellt eine Fortsetzung der etablierten Anlagestrategie von RCP Advisors in früheren Secondary-Fonds dar.
أعلنت P10 Inc (بورصة نيويورك: PX) عن إغلاق ناجح لصندوق RCP Secondary Opportunity Fund V، الذي جمع التزامات رأسمالية بقيمة 1,26 مليار دولار، متجاوزاً هدفه الأولي البالغ 1 مليار دولار. الصندوق الذي تديره RCP Advisors اجتذب مجموعة متنوعة من المستثمرين بما في ذلك الأفراد ذوي الثروات العالية، وصناديق التقاعد، والمِنَح، والمؤسسات الخيرية، وشركات التأمين.
سينصب تركيز الصندوق على الشراء في السوق الثانوية والمعاملات في صناديق الأسهم الخاصة التي تتخصص في صفقات leveraged buyout أو النمو أو إعادة الهيكلة في قطاع small buyout في شمال أمريكا. وهذا يمثل استمراراً للاستراتيجية الاستثمارية التي وضعتها RCP Advisors في الصناديق الثانوية السابقة.
P10 Inc（NYSE：PX）宣布成功完成 RCP Secondary Opportunity Fund V 的募资，募集资本承诺达 12.6 亿美元，超过最初目标的 10 亿美元。该基金由 RCP Advisors 管理，吸引了包括高净值个人、养老金、捐赠基金、基金会和保险公司在内的多元化投资者。
基金将重点关注二级市场的购买以及在北美小型收购领域的杠杆收购、增长或重组交易的私募股权基金交易。这标志着 RCP Advisors 在前几只二级基金所确立的投资策略的延续。
- Fund exceeded target size by 26%, raising $1.26 billion versus $1 billion target
- Broad diversification of investor base including institutional investors
- Strong investor demand leading to oversubscription in short timeframe
- Continuation of successful previous investment strategy
- None.
Insights
P10's subsidiary RCP Advisors raised $1.26B for its latest secondary fund, exceeding its $1B target—signaling strong investor confidence.
RCP Advisors, a P10 subsidiary, has successfully closed its Secondary Opportunity Fund V at
The fundraising success is particularly noteworthy given the competitive private equity landscape. The fund attracted a diverse investor base including high net worth individuals, pension funds, endowments, foundations, and insurance companies, with both new and existing limited partners participating.
RCP SOF V will maintain continuity with its predecessor funds' investment approach, focusing on secondary market purchases of private equity funds specializing in leveraged buyouts, growth investments, and restructuring transactions. This strategic consistency likely contributed to the rapid capital raise mentioned by the fund's co-portfolio managers.
For P10 shareholders, this successful fundraise represents meaningful fee-generating AUM growth that should translate to predictable, long-term management fee revenue streams. The oversubscription also validates P10's strategy of providing institutional and high-net-worth investors with access to specialized investment opportunities in the lower middle market private equity segment.
DALLAS, Oct. 01, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, and RCP Advisors, a private equity firm specializing in North American small buyout strategies, are pleased to announce the final close of RCP Secondary Opportunity Fund V, LP (“RCP SOF V” or the “Fund”). The Fund was oversubscribed, closing on
“We congratulate RCP Advisors on the successful close of RCP SOF V, which we believe exemplifies both investor confidence in the firm’s strategy and the growing demand for North American small buyout funds,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “We strive to deliver best-in-class access to differentiated investments in the lower middle market, and we appreciate the partnership of both new and existing LPs. I want to thank the entire RCP team for their dedication and deep expertise, which continue to contribute to the P10 platform.”
RCP SOF V represents a continuation of the investment style and approach that was established with RCP Advisors’ predecessor secondary funds. The Fund will target investments, primarily through secondary market purchases or other secondary transactions (through both LP and GP-led transactions), in private equity funds that generally focus on leveraged buyout, growth, or restructuring transactions.
“The positive market reaction to RCP SOF V shows that our steadfast commitment to the small buyout fund space resonates with investors now more than ever,” said Jon Madorsky, RCP Managing Partner and Co-Portfolio Manager.
“We raised an oversubscribed secondary pool of capital in a very short timeframe. We believe this was due to our strong prior performance and partnership with our LPs, our differentiated focus, and a very attractive secondary buying opportunity. We look forward to a successful investment period for RCP SOF V,” said Raj Patel, RCP Partner and Co-Portfolio Manager.
About P10
P10 (NYSE: PX) is a leading private markets solutions provider with over
About RCP Advisors
Founded in 2001, RCP Advisors, a subsidiary of P10, Inc. (NYSE: PX), is a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, as well as customized solutions and research services. RCP believes it is one of the largest fund sponsors focused on this niche, with 58 funds, more than 550 partnership investments, 56 full-time professionals, and more than 2,700 global limited partners as of June 30, 2025.2,3 For additional information, please visit www.rcpadvisors.com.
Forward-Looking Statements
Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance, and business. The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates, or expectations contemplated will be achieved. Forward-looking statements reflect management’s current plans, estimates, and expectations, and are inherently uncertain. All forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different; global and domestic market and business conditions; successful execution of business and growth strategies and regulatory factors relevant to our business; changes in our tax status; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; our ability to make acquisitions and successfully integrate the businesses we acquire; assumptions relating to our operations, financial results, financial condition, business prospects and growth strategy; and our ability to manage the effects of events outside of our control. The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the “Risk Factors” included in our annual report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (“SEC”) on February 28, 2025, and in our subsequent reports filed from time to time with the SEC. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
P10 Media Contact:
Josh Clarkson
Taylor Donahue
pro-p10@prosek.com
RCP Advisors Media Contact
Chris Bradley
cbradley@rcpadvisors.com
www.rcpadvisors.com
P10 Investor Contact:
info@p10alts.com
The information contained in this press release does not constitute investment advice or an offer or sale of any security or investment product. Offerings are made only pursuant to a private offering memorandum containing important information. Statements are made as of the date of this release unless otherwise stated herein, and there is no implication that the information contained herein is correct as of any time subsequent to the date of this release or such other stated date. Some of the statements in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Any forward-looking statements inherently are subject to a variety of risks and uncertainties that could cause actual results or events to differ materially from those results or events predicted or anticipated by these statements. RCP’s investment strategy is subject to significant risks and there is no guarantee that any fund will achieve comparable results as any prior investments or prior investment funds of RCP. Past performance does not predict, and is not a guarantee of, future results. All investments involve risk, including the potential loss of capital.
-
$1.26 billion includes the GP commitment.- Includes RCP’s discretionary funds and non-discretionary separately managed accounts since inception, including those that have since been wound down.
- Includes investments that have been sold and/or written-off.
FAQ
How much did RCP Advisors raise for Secondary Opportunity Fund V (NYSE: PX)?
What is the investment strategy for RCP Secondary Opportunity Fund V?
Who are the investors in RCP Secondary Opportunity Fund V?
How does RCP Secondary Opportunity Fund V compare to its target size?
Who manages RCP Secondary Opportunity Fund V for P10 (NYSE: PX)?
