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RCPDirect V Exceeds Target Fund Size, Closing On ~$994 Million

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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.

RCP Advisors ha chiuso con successo il suo ultimo fondo di co-investimento, RCPDirect V, raccogliendo circa $994 milioni in impegni di capitale, superando significativamente il suo obiettivo di $800 milioni. Il fondo ha attratto un gruppo diversificato di partner, tra cui uffici familiari, compagnie di assicurazione, fondi di dotazione, fondazioni, piani pensionistici pubblici e individui ad alto patrimonio netto.

RCPDirect V si concentrerà sulla collaborazione con gestori di fondi di buyout che raccolgono fondi tra $100 milioni e $1 miliardo in capitale impegnato. Il fondo effettuerà 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.

RCP Advisors ha cerrado con éxito su último fondo de co-inversión, RCPDirect V, recaudando aproximadamente $994 millones en compromisos de capital, superando significativamente su objetivo de $800 millones. El fondo atrajo a un grupo diverso de socios, incluidos oficinas familiares, compañías de seguros, dotaciones, fundaciones, planes de pensiones públicos y personas de alto patrimonio neto.

RCPDirect V se centrará en asociarse con gestores de fondos de compra que recaudan fondos entre $100 millones y $1 mil millones en capital comprometido. El fondo realizará inversiones de capital minoritario que oscilarán entre $7,5 millones y $40 millones en empresas del mercado medio-bajo con valores empresariales entre $25 millones y $500 millones.

RCP Advisors는 최신 공동 투자 펀드인 RCPDirect V를 성공적으로 마감하여 약 $994 백만의 자본 약정을 모집하였으며, $800 백만의 목표를 상당히 초과하였습니다. 이 펀드는 가족 사무소, 보험 회사, 기부금, 재단, 공적 연금 계획 및 고액 자산가를 포함한 다양한 파트너 그룹을 유치하였습니다.

RCPDirect V는 $100 백만에서 $1 억 사이의 자본을 조달하는 매수 펀드 관리자와의 파트너십에 중점을 둘 것입니다. 이 펀드는 $7.5 백만에서 $40 백만 사이의 소수 지분 투자를 하여 기업 가치가 $25 백만에서 $500 백만 사이인 중소기업에 투자할 것입니다.

RCP Advisors a réussi à clôturer son dernier fonds de co-investissement, RCPDirect V, levant environ $994 millions en engagements de capital, dépassant ainsi de manière significative son objectif de $800 millions. Le fonds a attiré un groupe diversifié de partenaires, y compris des bureaux familiaux, des compagnies d'assurance, des dotations, des fondations, des régimes de retraite publics et des individus à fort patrimoine.

RCPDirect V se concentrera sur le partenariat avec des gestionnaires de fonds de rachat qui lèvent des fonds compris entre $100 millions et $1 milliard en capital engagé. Le fonds réalisera des investissements en actions minoritaires allant de $7,5 millions à $40 millions dans des entreprises du marché intermédiaire inférieur avec des valeurs d'entreprise comprises entre $25 millions et $500 millions.

RCP Advisors hat erfolgreich seinen neuesten Co-Investment-Fonds, RCPDirect V, abgeschlossen und etwa $994 Millionen an Kapitalzusagen gesammelt, was das Ziel von $800 Millionen erheblich übersteigt. Der Fonds zog eine vielfältige Gruppe von Partnern an, darunter Familienunternehmen, Versicherungsgesellschaften, Stiftungen, öffentliche Pensionspläne und wohlhabende Privatpersonen.

RCPDirect V wird sich darauf konzentrieren, mit Buyout-Fondsmanagern zusammenzuarbeiten, die zwischen $100 Millionen und $1 Milliarde an zugesagtem Kapital sammeln. Der Fonds wird Minderheitsbeteiligungen im Bereich von $7,5 Millionen bis $40 Millionen in Unternehmen des unteren Mittelstands mit Unternehmenswerten zwischen $25 Millionen und $500 Millionen tätigen.

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.

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 $994 million in capital commitments, exceeding its target of $800 million. The Fund has a broad base of limited partners, comprised of both new and existing investors, including family offices, insurance companies, endowments, foundations, public pension plans, and high-net-worth individuals.

“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 $100 million and $1 billion in committed capital and will make minority equity investments between $7.5 million and $40 million in lower middle market companies – typically, with $25 million to $500 million in enterprise value.

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 $16.8 billion in committed capital* and 56 full-time professionals as of April 7, 2025.

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?

RCPDirect V raised approximately $994 million in capital commitments, exceeding its target of $800 million.

What is the investment range for RCPDirect V's minority equity investments?

The fund will make minority equity investments between $7.5 million and $40 million in lower middle market companies.

What types of companies does RCPDirect V target for investment?

RCPDirect V targets lower middle market companies with enterprise values between $25 million and $500 million.

Who are the partners investing in RCPDirect V?

The fund's partners include family offices, insurance companies, endowments, foundations, public pension plans, and high-net-worth individuals.

What size buyout fund managers does RCPDirect V partner with?

RCPDirect V partners with buyout fund managers who raise funds between $100 million and $1 billion in committed capital.
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