- RCP Advisors has successfully closed its latest co-investment fund, RCPDirect V, LP, raising $994 million, surpassing its $800 million target.
- The fund has attracted a diverse range of investors, including family offices, insurance companies, and high-net-worth individuals.
- RCPDirect V aims to partner with buyout fund managers for minority equity investments in lower middle market companies, despite challenging macroeconomic conditions.
P10, Inc. (PX, Financial) announced the successful closing of its latest fund, RCPDirect V, LP, by RCP Advisors, a private equity firm focused on the North American smaller buyout sector. The fund raised $994 million, significantly exceeding its initial target of $800 million, indicating robust investor confidence despite current economic challenges.
The diverse investor base for RCPDirect V includes new and existing participants such as family offices, insurance companies, and high-net-worth individuals, underscoring the broad appeal of RCP's investment approach. The fund aims to engage with buyout fund managers raising between $100 million and $1 billion, making minority equity investments ranging from $7.5 million to $40 million in companies with enterprise values of $25 million to $500 million.
RCP Advisors leverages its 24-year history to identify and collaborate with exceptional general partners, enhancing its ability to source compelling investment opportunities. This successful fundraising effort not only demonstrates the potential of the lower middle market but also reinforces RCP Advisors' market-leading position and its comprehensive strategy encompassing primary funds, secondary strategies, and co-investments.
