July 12, 2023 – RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, announced the final closing of RCP Secondary Opportunity Fund IV (“RCP SOF IV” or the “Fund”). The Fund closed on approximately $797 million in aggregate commitments, exceeding its target of $500 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.

“In a difficult fundraise market, the positive market reaction to RCP Secondary Opportunity Fund IV shows that our differentiated focus on the small buyout fund market resonates with investors,” says Jon Madorsky, Managing Partner and Co-Portfolio Manager. “The strong performance to date of our earlier secondary funds, as well as the unique market opportunity, allowed us to retain many 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 IV,” says Raj Patel, Partner and Co-Portfolio Manager.

View the Press Release.