RCPDirect V Exceeds Target Fund Size, Closing On ~$994 Million
Rhea-AI Summary
RCP Advisors has successfully closed its latest co-investment fund, RCPDirect V, raising approximately $994 million in capital commitments, significantly exceeding its target of $800 million. The fund attracted a diverse group of partners, including family offices, insurance companies, endowments, foundations, public pension plans, and high-net-worth individuals.
RCPDirect V will focus on partnering with buyout fund managers who raise funds between $100 million and $1 billion in committed capital. The fund will make minority equity investments ranging from $7.5 million to $40 million in lower middle market companies with enterprise values between $25 million to $500 million.
Positive
- Fund exceeded target by $194 million (24% above $800M target)
- Strong investor demand despite challenging macroeconomic conditions
- Diverse investor base including institutional and high-net-worth individuals
Negative
- None.
News Market Reaction – PX
On the day this news was published, PX declined 3.22%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHICAGO, April 08, 2025 (GLOBE NEWSWIRE) -- RCP Advisors, 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, announced the final close of its latest co-investment fund, RCPDirect V, LP (“RCP Direct V” or the “Fund”). The Fund was oversubscribed, closing on approximately
“Thank you to our global limited partners for your support. With our primary funds and secondary strategies, as well as the continued deployment of our fifth direct co-investment fund, RCP Advisors remains a comprehensive partner to both general partners and limited partners within the lower middle market buyout space,” said Jon Soffer, Partner and Co-Portfolio Manager at RCP Advisors.
“The continued support, despite challenging macroeconomic conditions, underscores our limited partners' confidence in the small buyout market and our ability to collaborate with exceptional general partners to identify compelling investment opportunities. We are fortunate to leverage our network and 24-year history to partner with general partners who implement initiatives to grow and improve their portfolio companies regardless of market conditions,” said Dave McCoy, Managing Partner and Co-Portfolio Manager at RCP Advisors.
RCPDirect V will generally partner with lead buyout fund managers who raise funds between
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 over
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, and there is no implication that the information contained herein is correct as of any time subsequent to such 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.
*“Committed capital” primarily reflects the capital commitments associated with our SMAs, focused commingled funds, and advisory accounts advised by RCP since the firm’s inception in 2001 (including funds that have since been sold, dissolved, or wound down and certain historical advisory accounts for which RCP’s advisory contracts have expired). We include capital commitments in our calculation of committed capital if (a) we have full discretion over the investment decisions in an account or have responsibility or custody of assets or (b) we do not have full discretion to make investment decisions but play a role in advising the client on asset allocation, performing investment manager due diligence and recommending investments for the client’s portfolio and/or monitoring and reporting on their investments. For our discretionary SMAs and commingled funds, as well as for our non-discretionary advisory accounts for which RCP is responsible for advising on all investments within the client’s portfolio, committed capital is calculated based on aggregate capital commitments to such accounts. For non-discretionary accounts where RCP is responsible for advising only a portion of the client portfolio investments, committed capital is calculated as capital commitments by the client to those underlying investments which were made based on RCP’s recommendation or with respect to which RCP advises the client. Committed capital does not include (i) certain historical non-discretionary advisory accounts no longer under advisement by RCP, (ii) assets managed or advised by the Private Capital Unit or Hark Capital Advisors, LLC, and Bonaccord Capital Advisors, LLC which are independent business lines of RCP 2, (iii) capital commitments to funds managed or sponsored by RCP’s affiliated (but independently operated) management companies, and (iv) RCP’s ancillary products or services.
Media Contact: Chris Bradley Director, Marketing and Communications RCP Advisors 353 N. Clark Street, Suite 3500 Chicago, IL 60654 312.229.4149 cbradley@rcpadvisors.com www.rcpadvisors.com
FAQ
How much capital did RCPDirect V raise in its final close?
What is the investment range for RCPDirect V's minority equity investments?
What types of companies does RCPDirect V target for investment?
Who are the partners investing in RCPDirect V?
What size buyout fund managers does RCPDirect V partner with?
