RCP Advisors has closed its fourth direct co-investment fund at $645.4m

RCPDirect IV's LPs include endowments, foundations, public pension plans, family offices, and high-net-worth individuals.

  • RCP Advisors is a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts
  • The fund will generally partner with lead buyout fund managers who raise funds between $100 million and $1 billion in committed capital
  • RCP has over $11.9 billion in committed capital as of July 7, 2022

RCP Advisors has closed its fourth direct co-investment fund at $645.4 million, beating its $500 million target.

RCPDirect IV’s limited partners include endowments, foundations, public pension plans, family offices, and high-net-worth individuals.

RCP Advisors is a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts.

On the fundraising, Jon Soffer, a principal and co-portfolio manager at RCP Advisors, said in a statement: “We are grateful for the support from our global limited partner base. The recent closes of our fund-of-funds and secondary fund, as well as our continued deployment of our fourth direct co-investment fund, allows RCP Advisors to remain a comprehensive partner to both GPs and LPs within the lower middle market buyout space,”

RCPDirect IV represents a continuation of the same investment strategy employed by RCP’s previous co-investment funds. The fund will generally partner with lead buyout fund managers who raise funds between $100 million and $1 billion in committed capital and will make minority equity investments between $5 million and $30 million in lower middle market companies, typically, with $25 million to $500 million in enterprise value.

Founded in 2001, RCP Advisors is a subsidiary of P10 Inc. RCP has over $11.9 billion in committed capital as of July 7, 2022.