RCP Advisors Hauls Nearly $800M for Fourth Secondaries Fund
RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on lower middle market buyouts, raised nearly $797 million for its fourth secondaries fund, RCP Secondary Opportunity Fund IV, exceeding its $500 million target.
The fund will primarily make secondary market purchases or secondary LP and GP-led transactions in private equity funds focused on leveraged buyout, growth or restructuring transactions.
“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, RCP Advisors Managing Partner and Co-Portfolio Manager.
Chicago-based RCP, which was founded in 2001, has more than $13 billion of committed capital.
Earlier this year it closed its 17th funds-of-funds vehicle at $328 million, targeting buyout fund managers eyeing less than $1 billion in committed capital.
