RCP Advisors Closes on RCPDirect V, Exceeding Target Fund Size
P10, Inc. (NYSE: PX) announced that its strategy, RCP Advisors, has successfully closed its latest co-investment fund, RCPDirect V, LP, raising approximately $994 million in capital commitments, exceeding its target of $800 million.
The Fund attracted both new and existing investors, including family offices, insurance companies, and high-net-worth individuals. RCP Direct V will focus on partnering with buyout fund managers who raise funds between $100 million and $1 billion, making minority equity investments ranging from $7.5 million to $40 million in lower middle market companies with enterprise values of $25 million to $500 million.
The successful fundraising, completed despite challenging macroeconomic conditions, demonstrates investor confidence in RCP Advisors' 24-year track record in the small buyout market segment.
P10, Inc. (NYSE: PX) ha annunciato che la sua strategia, RCP Advisors, ha chiuso con successo il suo ultimo fondo di co-investimento, RCPDirect V, LP, raccogliendo circa $994 milioni in impegni di capitale, superando il suo obiettivo di $800 milioni.
Il Fondo ha attratto sia nuovi investitori che quelli esistenti, inclusi family office, compagnie assicurative e individui ad alto patrimonio netto. RCP Direct V si concentrerà sulla collaborazione con gestori di fondi di buyout che raccolgono fondi tra $100 milioni e $1 miliardo, effettuando investimenti azionari di minoranza che vanno da $7,5 milioni a $40 milioni in aziende del mercato medio-basso con valori aziendali compresi tra $25 milioni e $500 milioni.
Il successo nella raccolta fondi, completato nonostante le difficili condizioni macroeconomiche, dimostra la fiducia degli investitori nel curriculum di 24 anni di RCP Advisors nel segmento del mercato dei piccoli buyout.
P10, Inc. (NYSE: PX) anunció que su estrategia, RCP Advisors, ha cerrado con éxito su último fondo de co-inversión, RCPDirect V, LP, recaudando aproximadamente $994 millones en compromisos de capital, superando su objetivo de $800 millones.
El Fondo atrajo tanto a nuevos inversores como a los existentes, incluidos family offices, compañías de seguros e individuos de alto patrimonio. RCP Direct V se centrará en asociarse con gestores de fondos de compra que recaudan fondos entre $100 millones y $1 mil millones, realizando inversiones de capital minoritario que oscilan entre $7,5 millones y $40 millones en empresas del mercado medio-bajo con valores empresariales de $25 millones a $500 millones.
La exitosa recaudación de fondos, completada a pesar de las desafiantes condiciones macroeconómicas, demuestra la confianza de los inversores en el historial de 24 años de RCP Advisors en el segmento del mercado de pequeños buyouts.
P10, Inc. (NYSE: PX)는 자사의 전략인 RCP Advisors가 최근 공동 투자 펀드인 RCPDirect V, LP를 성공적으로 마감했다고 발표하며, 약 $994 백만의 자본 약정을 모금하여 목표인 $800 백만을 초과했다고 전했습니다.
이 펀드는 신규 및 기존 투자자들, 즉 패밀리 오피스, 보험 회사 및 고액 자산가들을 유치했습니다. RCP Direct V는 $100 백만에서 $1 억 사이의 자금을 모금하는 인수 펀드 매니저들과 협력하여, 기업 가치가 $25 백만에서 $500 백만 사이인 중소기업에 대해 $7.5 백만에서 $40 백만의 소수 지분 투자를 할 계획입니다.
어려운 거시 경제적 상황에도 불구하고 성공적으로 모금된 이번 펀드는 RCP Advisors가 24년 동안 소규모 인수 시장 부문에서 쌓아온 신뢰를 보여줍니다.
P10, Inc. (NYSE: PX) a annoncé que sa stratégie, RCP Advisors, a réussi à clôturer son dernier fonds de co-investissement, RCPDirect V, LP, levant environ $994 millions en engagements de capital, dépassant son objectif de $800 millions.
Le Fonds a attiré à la fois de nouveaux investisseurs et des investisseurs existants, y compris des family offices, des compagnies d'assurance et des particuliers fortunés. RCP Direct V se concentrera sur le partenariat avec des gestionnaires de fonds de buyout qui lèvent des fonds entre $100 millions et $1 milliard, réalisant des investissements en capital minoritaire allant de $7,5 millions à $40 millions dans des entreprises du marché intermédiaire inférieur ayant des valeurs d'entreprise comprises entre $25 millions et $500 millions.
La collecte de fonds réussie, réalisée malgré des conditions macroéconomiques difficiles, démontre la confiance des investisseurs dans le bilan de 24 ans de RCP Advisors dans le segment du marché des petits buyouts.
P10, Inc. (NYSE: PX) gab bekannt, dass ihre Strategie, RCP Advisors, erfolgreich ihren neuesten Co-Investment-Fonds, RCPDirect V, LP, abgeschlossen hat und dabei etwa $994 Millionen an Kapitalzusagen gesammelt hat, was das Ziel von $800 Millionen übertrifft.
Der Fonds zog sowohl neue als auch bestehende Investoren an, darunter Family Offices, Versicherungsgesellschaften und wohlhabende Privatpersonen. RCP Direct V wird sich darauf konzentrieren, mit Buyout-Fondsmanagern zusammenzuarbeiten, die zwischen $100 Millionen und $1 Milliarde an Mitteln sammeln und Minderheitsbeteiligungen zwischen $7,5 Millionen und $40 Millionen in Unternehmen des unteren Mittelmarktes mit Unternehmenswerten von $25 Millionen bis $500 Millionen tätigen.
Die erfolgreiche Mittelbeschaffung, die trotz herausfordernder makroökonomischer Bedingungen abgeschlossen wurde, zeigt das Vertrauen der Investoren in die 24-jährige Erfolgsbilanz von RCP Advisors im Segment des kleinen Buyout-Marktes.
- Exceeded fundraising target by $194 million, raising $994 million total
- Attracted both new and existing institutional investors
- Successfully closed fund despite challenging macroeconomic conditions
- None.
Insights
The successful fundraise for RCPDirect V represents a significant positive development for P10's business. Exceeding the
For asset managers like P10, new fund closings directly impact future revenue streams through management fees, which typically generate recurring income throughout the fund's lifecycle. With nearly
The broad investor base comprising both new and existing partners (family offices, insurance companies, and high-net-worth individuals) signals healthy demand for P10's investment products. This diversified LP base provides stability and could potentially benefit future fundraising efforts across the company's platform.
RCP Advisors' focus on lower middle market investments targeting companies with
The oversubscribed closing of RCPDirect V at
The investment parameters – partnering with buyout fund managers raising
This successful fundraise enables RCP to maintain its comprehensive platform approach across primary funds, secondary strategies, and co-investments – providing a complete solution for LPs seeking lower middle market exposure. The ability to leverage their 24-year network to source opportunities creates meaningful deal flow advantages.
For P10 shareholders, this fundraise is particularly significant as co-investment vehicles typically deploy capital more rapidly than primary fund-of-funds, potentially accelerating fee generation. The
DALLAS, April 10, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), (“P10” or the “Company”), a leading private markets solutions provider, today announced that its strategy, RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers, closed on its latest co-investment fund, RCPDirect V, LP (“RCP Direct V” or the “Fund”).
The Fund closed on approximately
“We congratulate RCP Advisors on the oversubscribed close of RCP Direct V, which speaks to the firm’s market-leading position and strong track record,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “With nearly 25 years of experience in the lower middle market, RCP brings deep expertise to our platform, and we are confident it will continue to deliver value for limited partners.”
RCP Direct V will generally partner with lead buyout fund managers who raise funds between
“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.
About P10
P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. As of December 31, 2024, P10’s products have a global investor base of more than 3,800 investors across 50 states, 60 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions. Visit www.p10alts.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, including risks relating to: 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; the impacts of emerging technologies, such as artificial intelligence and machine learning; 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.
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.
P10 Investor Contact:
info@p10alts.com
P10 Media Contact:
Josh Clarkson
Taylor Donahue
pro-p10@prosek.com
FAQ
How much did RCP Direct V fund raise compared to its target?
What is the investment strategy for RCP Direct V (PX)?
Who are the primary investors in P10's RCP Direct V fund?
What is the investment range for RCP Direct V's target fund managers?
