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RCP Secondary Opportunity Fund II closes with USD425m in committed capital

RCP Advisors, an independent sponsor of private equity funds of funds, secondary funds and co-investment funds, focused on North American lower middle market buyouts, has closed RCP Secondary Opportunity Fund II.

 
The new fund closed on USD425m in commitments, exceeding its target of USD300m. 
 
“Secondary funds are the focus of many investors’ attention these days. The positive market reaction to RCP Secondary Opportunity Fund II shows that our differentiated focus on the small buyout fund market resonates with investors,” says Charles Huebner (pictured), managing principal and chief investment officer at RCP Advisors. “They see great opportunity in this market despite increased competition in secondaries overall. The strong performance to date of our earlier secondary fund as well as the unique market opportunity allowed us to retain a majority of our existing LPs and attract a high quality roster of new investors. We are pleased with this success during the fundraising phase and look forward to a successful investment period for RCP SOF II.”
 
RCP SOF II intends to acquire interests in established private equity funds through secondary market purchases that offer the potential for capital appreciation and investment returns and that focus on leveraged buyout transactions. RCP Advisors seeks individual fund investments representing commitments of between USD3m and USD30m for RCP SOF II. This commitment size is matched to the natural commitment sizes commonly seen in lower middle market funds.
  
RCP Advisors currently manages over USD3.0bn in committed capital in over 150 private equity investments across the firm’s funds-of-funds as well as its secondary funds and co-investment fund.
 
RCP Advisors was founded in 2001 and is headquartered in Chicago. 
 

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