RCP Advisors buys Atlas Diligence

RCP Advisors has acquired Atlas Diligence and its proprietary private equity manager research platform GPScout. No financial terms were disclosed. Based in Chapel Hill, North Carolina, Atlas Diligence is a provider of research and unique due diligence tools for investors.

PRESS RELEASE

Chicago, IL – February 3, 2015 – RCP Advisors, an independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, is pleased to announce the recent acquisition of Atlas Diligence and their proprietary private equity manager research platform – GPScout. Atlas Diligence, based in Chapel Hill, NC, provides investors with independent research and unique due diligence tools to assist in the identification and evaluation of private capital fund opportunities. GPScout, a unique subscription based platform, allows limited partners to access Atlas’s library of research and analysis. As a part of the transaction, Atlas Diligence investment professionals have joined RCP Advisors’ investment and research team.

“In Atlas, RCP has chosen a like-minded partner to help expand our team, enhance our investment process and analysis tools, and broaden our database of market intelligence that is unparalleled in the middle market. This is a great fit for RCP,” says Fritz Souder, Managing Principal.

The RCP and Atlas teams have known each other for years as fellow investors in the middle market. After ongoing dialogue with RCP, Atlas realized this partnership would allow them to expand their relationships with both GPs and LPs.

“We are very excited to join the RCP team, and continue providing research solutions with GPScout. As an independent team, we were able to proactively cover the middle market better than most investors. Now that we have a team of 37, the possibilities are endless,” says Alex Abell, Principal and former CEO of Atlas.

As of December 31, 2014, RCP Advisors managed approximately $4.3 billion in committed capital across the Firm’s funds-of-funds, secondary funds and co-investment funds as well as separate accounts. RCP Advisors believes that it is one of the largest investment managers exclusively focused on the lower middle market buyout segment of the private equity market. RCP Advisors was founded in 2001 and is headquartered in Chicago.

Founded in 2011, Atlas Diligence was formed by experienced institutional investors to provide limited partners with unique due diligence tools to assist in the identification and evaluation of private capital fund opportunities.