Insight

RCP Advisors raises nearly $800m for fourth secondary fund

RCP Secondary Opportunity Fund IV's investors include family offices, high-net-worth individuals, foundations, public pension plans, and endowments.

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  • Founded in 2001, 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
  • RCP Advisors has more than $13 billion in committed capital and 56 professionals as of July 12, 2023

RCP Advisors has closed its fourth secondary opportunity fund at $797 million, beating its $500 million target.

RCP Secondary Opportunity Fund IV’s investors include family offices, high-net-worth individuals, foundations, public pension plans, and endowments.

“In a difficult fundraise market, the positive market reaction to RCP Secondary Opportunity Fund IV shows that our differentiated focus on the small buyout fund market resonates with investors,” said Jon Madorsky, managing partner and co-portfolio manager in a statement.

Founded in 2001, 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.

Based in Chicago and Dallas, RCP Advisors has more than $13 billion in committed capital and 56 professionals as of July 12, 2023.