The Chicago-based fund-of-funds, RCP Advisors, has just hired David McCoy to manage RCPDirect, one of the firm’s co-investment funds. McCoy comes from National City Equity Partners, the mezzanine arm of PNC Financial Services Group, where he was a partner.
RCP Advisors, LLC, a leading private equity fund-of-funds sponsor focused on North American lower middle market buyouts, is pleased to announce the hiring of David McCoy as a Principal and Portfolio Manager of RCPDirect, LP, a co-investment fund sponsored by RCP Advisors.
Mr. McCoy leads the firm’s co-investment functions including sourcing, due diligence and portfolio management. Mark Sawyer and Michael Allietta also recently joined RCP Advisors’ co-investment team as investment analysts.
“Co-investments have been a growing and highly successful segment of our business in recent years, so expanding this activity and bringing on someone of Dave’s experience and caliber is a natural evolution for us,” says Charles Huebner, Managing Principal and Chief Investment Officer at RCP Advisors. “We have known and admired Dave in the marketplace for some time and we are delighted that he has agreed to join our team.”
Prior to joining RCP Advisors, Mr. McCoy was a Partner at National City Equity Partners, the private equity / mezzanine arm of PNC Financial Services Group, Inc. He began his private equity career at Thayer Capital Partners and gained investment banking experience at BT Alex Brown.
Mr. McCoy holds a B.A. in Economics from Princeton University and an M.B.A. from University of Pennsylvania’s Wharton School.