RCP Advisors Closes on RCPDirect V, Exceeding Target Fund Size

Core Viewpoint - P10, Inc. announced the successful closing of its co-investment fund, RCPDirect V, LP, with approximately $994 million in capital commitments, surpassing its target of$800 million, indicating strong investor confidence in the small buyout market [1][2]. Group 1: Fund Details - RCPDirect V closed with approximately $994 million in capital commitments, exceeding its target of$800 million [2]. - The fund has a diverse base of limited partners, including family offices, insurance companies, and high-net-worth individuals [2]. - RCP Direct V will typically invest between $7.5 million and$40 million in lower middle market companies, which generally have an enterprise value of $25 million to$500 million [3]. Group 2: Company Background - P10, Inc. is a leading multi-asset class private markets solutions provider, with a global investor base of over 3,800 investors across 50 states and 60 countries as of December 31, 2024 [6]. - RCP Advisors, a subsidiary of P10, was founded in 2001 and focuses on providing access to North American small buyout fund managers, with over $16.8 billion in committed capital as of April 7, 2025 [9]. Group 3: Leadership Insights - P10's CEO, Luke Sarsfield, emphasized the firm's market-leading position and strong track record, highlighting RCP Advisors' nearly 25 years of experience in the lower middle market [3]. - RCP Advisors' partners expressed gratitude to their global limited partners for their support, indicating confidence in the small buyout market despite challenging macroeconomic conditions [5].