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RCP Raises $110 Mln with Co-Investment Fund

RCP Advisors said Monday that it has closed its first co-investment fund at $110 million. Chicago-based RCP is a fund-of-funds manager that focuses on the lower middle market.


RCP Advisors, LLC, a leading independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, announced the closing of its first co-investment fund, the $110 million RCPDirect, LP.

“RCP’s strategy has always been to partner with the best managers in the lower middle market. These relationships will provide RCPDirect with compelling investment opportunities and diligence resources,” says Dave McCoy, Principal of RCP Advisors and RCPDirect’s Portfolio Manager. “We are pleased by the confidence our LPs have placed in us and are excited about the opportunity to expand the co-investment strategy within RCP.”

RCP currently manages over $2.4 billion in committed capital in over 125 private equity investments across the firm’s funds-of-funds as well as its secondary fund and co-investment fund. RCP Advisors believes that it is one of the largest fund-of-funds 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.