RCP closes Fund XVIII at $285m

Private Equity Wire

RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds and co-investment funds, has held the final closing of RCP Fund XVIII with approximately $285m in aggregate commitments.

The fund attracted support from new and existing investors including family offices, high-net-worth individuals, foundations, public pension plans and endowments.

Fund XVIII will adhere to the same investment strategy that RCP’s predecessor primary funds employ, and generally target investments with buyout fund managers primarily focusing on less than $1bn in committed capital. These managers will, in turn, generally seek to make control-oriented investments in established, small to mid-sized companies with approximately $3m to $25m in EBITDA.

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