Specializing in North American Lower Middle Market Buyouts Since 2001
Founded in 2001, RCP Advisors, a federally registered investment adviser,* is a private equity investment firm that provides access to North American lower middle market private equity fund managers primarily through funds-of-funds, secondary funds, co-investment funds, as well as private credit solutions through its affiliate, Five Points Credit. Additionally, RCP Advisors provides advisory and research services. RCP Advisors is headquartered in Chicago, Illinois with additional operations in Newport Beach, California; Dallas, Texas; and Winston-Salem, North Carolina.
RCP generally works with buyout fund managers with funds of between $250 million and $1 billion in committed capital. These fund managers then seek to invest in lower middle sized companies - typically, with $10 million to $250 million in enterprise value.
RCP’s market knowledge, investment process, and deep and long-standing relationships within the private equity community are integral to accessing and selecting what RCP believes to be the most successful fund managers. With approximately $9.8 billion in committed capital** and 54 full-time professionals as of April 19, 2021, RCP believes that it is one of the largest, most experienced and respected fund sponsors focused on the lower middle market segment of the North American private equity market.
RCP's Integrated Platform - Benefits of Synergies
RCP's partners have made substantial personal investments in both the Firm and its investment funds. While private equity investment management is RCP’s primary line of business, the Firm also provides investment advice to a limited number of non-discretionary advisory clients and Separate Accounts (which may be discretionary or non-discretionary). In addition, RCP offers certain-qualified clients access to the Firm's subscription-based private fund manager research platform. The research platform is intended for informational purposes only and does not constitute investment advice or an offer to invest or provide investment management services.
*Registration with the U.S. Securities and Exchange Commission as an investment adviser does not imply a certain level of skill or training. **“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 of RCP Advisors 2, LLC and (iii) RCP’s ancillary products or services.