RCP Advisors raises $328m for seventeenth fund

RCP Fund XVII's LPs include family offices, high-net-worth individuals, foundations, public pension plans, and endowments.

  • The fund will invest in established small to mid-sized companies with about $3 million to $25 million in EBITDA
  • Based in Chicago, RCP Advisors was founded in 2001
  • RCP Advisors has over $12.6 billion in committed capital as of April 4, 2023

RCP Advisors has closed its seventeenth fund at $328 million, beating its $300 million target.

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

The fund will invest in established small to mid-sized companies with about $3 million to $25 million in EBITDA.

“We are grateful to our investors for the fundraising success of RCP Fund XVII, which exceeded its target despite an increasingly challenging macroeconomic environment,” said Tom Danis, managing partner at RCP Advisors, in a statement. “We will remain specially focused on partnering with the premier lower middle market buyout managers in the United States and Canada as we have for over 20 years.”

Founded in 2001, RCP Advisors is a subsidiary of P10 Inc, 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. RCP Advisors has over $12.6 billion in committed capital as of April 4, 2023.

Chicago-based 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.