RCP Secondary Opportunity Fund IV Exceeds Target Fund Size, Closing $797 Million in Aggregate Capital Commitments
July 12 2023 - 12:40PM
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 Secondary
Opportunity Fund IV (“RCP SOF IV” or the “Fund”). The Fund closed
on approximately $797 million in aggregate commitments, exceeding
its target of $500 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.
“In a difficult fundraise market, the positive
market reaction to RCP Secondary Opportunity Fund IV shows that our
differentiated focus on the small buyout fund market resonates with
investors,” says Jon Madorsky, Managing Partner and Co-Portfolio
Manager. “The strong performance to date of our earlier secondary
funds, as well as the unique market opportunity, allowed us to
retain many of our existing LPs and attract a high-quality roster
of new investors. We are pleased with this success during the
fundraising phase and look forward to a successful investment
period for RCP SOF IV,” says Raj Patel, Partner and Co-Portfolio
Manager.
Generally, RCP SOF IV represents a continuation
of the investment style and approach that was established with
RCP’s 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.
About RCP AdvisorsFounded 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 more than
$13 billion in committed capital and 56 professionals as of July
12, 2023, RCP believes it is one of the largest fund sponsors
focused on the North American private equity market's lower middle
market buyout segment.
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
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