RCP Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitments
May 13 2024 - 4:56PM
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, announced the final
closing of RCP Fund XVIII (“Fund XVIII” or the “Fund”). The Fund
closed on approximately $285 million in aggregate commitments. The
Fund has a broad LP base of new and existing investors, including
family offices, high-net-worth individuals, foundations, public
pension plans, and endowments.
“We want to express our sincere gratitude to our
limited partners for their continued faith and confidence in our
team and strategy. Small company buyouts continue to provide
compelling investment opportunities that we believe are
differentiated from and superior to other sectors within the
private equity market. We will continue to leverage our
industry-leading research, data, and analytics in seeking to
realize our goal of generating top-quartile performance for our
investors,” said Tom Danis, Managing Partner at RCP Advisors.
Fund XVIII will adhere to the same
investment strategy that RCP’s predecessor primary funds employ.
The Fund will generally target investments with buyout fund
managers primarily focusing on 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 AdvisorsFounded 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 ~$14 billion in
committed capital* and 57 full-time professionals as of May 8,
2024.
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.
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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