RCP Advisors, a leading provider of secondary market services to the private equity industry, has closed its fourth secondary fund at $797 million. The fund, RCP Secondary Opportunity Fund IV, was oversubscribed and exceeded its target by $77 million.
The fund will focus on acquiring interests in private equity funds, portfolios, and individual assets. RCP Advisors will target a wide range of opportunities, including secondary fund interests, portfolio company interests, and direct investments in management teams.
“We are pleased with the strong support for RCP Secondary Opportunity Fund IV,” said Tom Danis, Managing Partner of RCP Advisors. The fund’s oversubscription reflects the continued demand for secondary market liquidity in the private equity industry.
RCP Advisors has a long history of success in the secondary market. The firm has raised over $2 billion in secondary funds and has completed over 500 secondary transactions. RCP Advisors has a team of experienced investment professionals with a deep understanding of the private equity industry.
The closing of RCP Secondary Opportunity Fund IV is a significant event for the private equity industry. The fund’s size and oversubscription demonstrate the continued demand for secondary market liquidity. RCP Advisors’ track record of success and its experienced team make it a leading provider of secondary market services.
Here are some of the key details of the fund:
- Fund: RCP Secondary Opportunity Fund IV
- Size: $797 million
- Target market: Interests in private equity funds, portfolios, and individual assets
- Focus: Secondary fund interests, portfolio company interests, and direct investments in management teams
- Status: Oversubscribed
- Closing date: 2023
