RCP Advisors closed RCPDirect V with $994m in total commitments, surpassing its $800m target and further strengthening its focus on North American lower middle market co-investments.
The oversubscribed fund attracted a diverse group of limited partners, including family offices, insurance companies, public pension plans, endowments, foundations, and high-net-worth individuals. Both new and returning investors contributed to the successful raise.
RCPDirect V will focus on making minority equity investments of $7.5m to $40m in companies with enterprise values ranging from $25m to $500m. The fund will generally co-invest alongside lead buyout managers raising between $100m and $1bn.
Founded in 2001, RCP Advisors provides access to small buyout managers through a range of strategies including primary, secondary, and co-investment funds. The firm also offers tailored solutions and…
