RCP Fund XVII Exceeds Target Fund Size, Closing $328 Million in Aggregate Capital Commitments

Rhea-AI Summary

RCP Advisors has successfully closed RCP Fund XVII with approximately $328 million in commitments, surpassing its $300 million target. This fund, aimed at North American lower middle market buyouts, features a diverse investor base including family offices and public pension plans. Tom Danis, Managing Partner at RCP Advisors, expressed gratitude for the support amidst challenging economic conditions. The fund will continue the established investment strategy, targeting buyout managers with less than $1 billion in committed capital, focusing on small to mid-sized companies with EBITDA between $3 million and $25 million.

Positive

• Fund exceeded its target with $328 million in commitments.
• Diverse investor base includes family offices and public pension plans.
• RCP Advisors maintains a focus on premier lower middle market buyout managers.

Negative

• None.

CHICAGO, April 04, 2023 (GLOBE NEWSWIRE) -- RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, announced the final closing of RCP Fund XVII (the “Fund”). The Fund closed on approximately $328 million in aggregate commitments, exceeding its target of $300 million. The Fund has a broad LP base of both new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and endowments.

“We are grateful to our investors for the fundraising success of RCP Fund XVII, which exceeded its target despite an increasingly challenging macroeconomic environment. We will remain specially focused on partnering with the premier lower middle market buyout managers in the United States and Canada as we have for over 20 years,” said Tom Danis, Managing Partner at RCP Advisors.

RCP Fund XVII will adhere to the same investment strategy employed by RCP’s predecessor primary funds-of-funds. The Fund will generally target investments with buyout fund managers primarily targeting less than $1 billion in committed capital. These managers will, in turn, generally seek to make control-oriented investments in established, small to mid-sized companies with approximately $3 million to $25 million in EBITDA.

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 lower middle market private equity fund managers through funds-of-funds, secondary funds, and co-investment funds. Additionally, RCP Advisors provides advisory and research services. With over $12.6 billion in committed capital and 54 professionals as of April 4, 2023, RCP believes that it is one of the largest fund sponsors focused on the lower middle market buyout segment of the North American private equity market.

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

What is RCP Fund XVII's total commitment?

RCP Fund XVII closed with approximately $328 million in commitments.

What was the target amount for RCP Fund XVII?

The target amount for RCP Fund XVII was $300 million.

Which markets does RCP Advisors focus on?

RCP Advisors focuses on lower middle market buyouts in North America.

What companies does RCP Fund XVII invest in?

RCP Fund XVII targets small to mid-sized companies with EBITDA between $3 million and $25 million.

Who is the Managing Partner of RCP Advisors?

Tom Danis is the Managing Partner at RCP Advisors.

What type of investors backed RCP Fund XVII?

The fund attracted family offices, high-net-worth individuals, foundations, public pension plans, and endowments.