RCP Advisors’ Jon Madorsky Featured in Secondaries Investor Q&A
The secondaries market is on a record-breaking trajectory, and the small buyouts market is playing a role in that momentum.
In a recent Q&A with Secondaries Investor, Jon Madorsky, Managing Partner and Co-Portfolio Manager at RCP Advisors, shared his perspective on what’s driving today’s surge in secondaries activity, why the market is becoming “all-weather,” and where he sees opportunity across the lower middle market.
“The secondary market isn’t just an opportunistic market anymore — the reality is that the all-weather strategy has been validated through multiple economic cycles.”
Jon Madorsky, RCP Managing Partner and Co-Portfolio Manager
🔗 Read the full interview here
Secondaries Investor account required.
About RCP Advisors
Founded 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 over $18.6 billion in committed capital* and 59 full-time professionals as of December 1, 2025.
“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 and certain historical advisory accounts for which RCP’s advisory contracts have expired). 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) certain historical non-discretionary advisory accounts no longer under advisement by RCP, (ii) assets managed or advised by the Private Capital Unit, or by the HB Unit which are independent business lines of RCP 2, (iii) capital commitments to funds managed or sponsored by RCP’s affiliated (but independently operated) management companies (including, without limitation, Five Points, TrueBridge, Enhanced, Westech and Qualitas), and (iv) RCP’s ancillary products or services.