RCP Advisors Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitments
20 Mayo 2024 - 7:30AM
P10, Inc. (NYSE: PX), a leading private markets solutions
provider, today announced that its affiliated manager, 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, announced the final
closing of RCP Fund XVIII (“Fund XVIII” or the “Fund”).
“We are thrilled to announce this milestone for RCP Advisors and
the P10 platform on the closing of Fund XVIII, which has expanded
and deepened our firm’s client franchise,” said Luke Sarsfield,
P10’s Chief Executive Officer. “RCP Advisors’ longstanding
relationships within the private equity community and experienced
investment team position the firm to capitalize on market
opportunities and deliver attractive returns to LPs.”
The Fund has a broad LP base of new and existing investors,
including family offices, high-net-worth individuals, foundations,
public pension plans, and endowments.
“We want to express our sincere gratitude to our limited
partners for their continued faith and confidence in our team and
strategy. Small company buyouts continue to provide compelling
investment opportunities that we believe are differentiated from
and superior to other sectors within the private equity market. We
will continue to leverage our industry-leading research, data, and
analytics in seeking to realize our goal of generating top-quartile
performance for our investors,” said Tom Danis, Managing Partner at
RCP Advisors.
The Fund will generally target investments with buyout fund
managers focused on 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.
About P10P10 is a leading multi-asset class
private markets solutions provider in the alternative asset
management industry. P10’s mission is to provide its investors
differentiated access to a broad set of investment solutions that
address their diverse investment needs within private markets. As
of March 31, 2024, P10 has a global investor base of more than
3,600 investors across 50 states, 60 countries, and six continents,
which includes some of the world’s largest pension funds,
endowments, foundations, corporate pensions, and financial
institutions. Visit www.p10alts.com.
About RCP AdvisorsFounded in 2001, RCP
Advisors, a subsidiary of P10, Inc. (NYSE: PX), is a private equity
investment firm that provides access to North American small buyout
fund managers through primary funds, secondary funds, and
co-investment funds, as well as customized solutions and research
services. RCP believes it is one of the largest fund sponsors
focused on this niche, with ~$14 billion in committed capital* and
57 full-time professionals as of May 8, 2024.
Ownership LimitationsP10’s Certificate of
Incorporation contains certain provisions for the protection of tax
benefits relating to P10’s net operating losses. Such provisions
generally void transfers of shares that would result in the
creation of a new 4.99% shareholder or result in an existing 4.99%
shareholder acquiring additional shares of P10.
The information contained in this press release does not
constitute investment advice or an offer or sale of any security or
investment product. Offerings are made only pursuant to a private
offering memorandum containing important information. Statements
are made as of the date of this release, and there is no
implication that the information contained herein is correct as of
any time subsequent to such date. Some of the statements in this
release may constitute "forward-looking statements" within the
meaning of the federal securities laws. Any forward-looking
statements inherently are subject to a variety of risks and
uncertainties that could cause actual results or events to differ
materially from those results or events predicted or anticipated by
these statements. RCP’s investment strategy is subject to
significant risks and there is no guarantee that any fund will
achieve comparable results as any prior investments or prior
investment funds of RCP. Past performance does not predict,
and is not a guarantee of, future results.*“Committed capital”
primarily reflects the capital commitments associated with our
SMAs, focused commingled funds, and advisory accounts advised by
RCP since the firm’s inception in 2001 (including funds that have
since been sold, dissolved, or wound down). We include capital
commitments in our calculation of committed capital if (a) we have
full discretion over the investment decisions in an account or have
responsibility or custody of assets or (b) we do not have full
discretion to make investment decisions but play a role in advising
the client on asset allocation, performing investment manager due
diligence and recommending investments for the client’s portfolio
and/or monitoring and reporting on their investments. For our
discretionary SMAs and commingled funds, as well as for our
non-discretionary advisory accounts for which RCP is responsible
for advising on all investments within the client’s portfolio,
committed capital is calculated based on aggregate capital
commitments to such accounts. For non-discretionary accounts where
RCP is responsible for advising only a portion of the client
portfolio investments, committed capital is calculated as capital
commitments by the client to those underlying investments which
were made based on RCP’s recommendation or with respect to which
RCP advises the client. Committed capital does not include (i)
non-discretionary advisory accounts no longer under advisement by
RCP, (ii) assets managed or advised by the Private Capital Unit or
HB Units of RCP 2, (iii) capital commitments to funds managed or
sponsored by RCP’s affiliated (but independently operated)
management companies, and (iv) RCP’s ancillary products or
services.
P10 Investor Contact:info@p10alts.com
P10 Media Contact:Josh
Clarksonjclarkson@prosek.com
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