RCP closes Fund XVII above target at $328m

RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has held the final closing of RCP Fund XVII with approximately $328 million in aggregate commitments, exceeding its target of $300 million. 

RCP Advisors (RCP), a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has held the final closing of RCP Fund XVII with approximately $328 million in aggregate commitments, exceeding its target of $300 million. 

The fund has a broad LP base of both new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and endowments.
  
RCP Fund XVII will employ to the same investment strategy as RCP’s predecessor primary funds-of-funds by targeting investments with buyout fund managers with less than $1 billion in committed capital. These managers will, in turn, generally seek to make control-oriented investments in established, small to mid-sized companies with approximately $3 million to $25 million in EBITDA.