RCP Advisors, a private equity firm specializing in North American small buyout strategies, are pleased to announce the final close of RCP Secondary Opportunity Fund V, LP (“RCP SOF V” or the “Fund”). The Fund was oversubscribed, closing on $1.26 billion in capital commitments, exceeding its target of $1 billion.¹ The Fund has a broad base of limited partners, comprised of both new and existing investors, including high net worth individuals, pension funds, endowments, foundations, and insurance companies.

RCP SOF V represents a continuation of the investment style and approach that was established with RCP Advisors’ 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.

“The positive market reaction to RCP SOF V shows that our steadfast commitment to the small buyout fund space resonates with investors now more than ever,” said Jon Madorsky, RCP Managing Partner and Co-Portfolio Manager.

“We raised an oversubscribed secondary pool of capital in a very short timeframe. We believe this was due to our strong prior performance and partnership with our LPs, our differentiated focus, and a very attractive secondary buying opportunity. We look forward to a successful investment period for RCP SOF V,” said Raj Patel, RCP Partner and Co-Portfolio Manager.

Read full press release here.