RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has held the final close of the RCP Secondary Opportunity Fund IV with $797m in capital commitments, ahead of its $500m target.
RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle-market buyouts, has held the final close of the RCP Secondary Opportunity Fund IV with $797m in capital commitments, ahead of its $500m target.
The fund attracted a broad LP base of both new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and endowments.
RCP SOF IV will generally continue the investment style and approach that was established with RCP’s predecessor secondary funds. The fund will target investments, primarily through secondary market purchases or other secondary transactions (through both LP and GP-led transactions), in private equity funds that generally focus on leveraged buyout, growth, or restructuring transactions.
