RCP Fund XVII Exceeds Target Fund Size Closing 328 Million in Aggregate Capital Commitments

CHICAGO, April 04, 2023 (GLOBE NEWSWIRE) — 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 Fund XVII (the “Fund”). The Fund closed on approximately $328 million in aggregate commitments, exceeding its target of $300 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. “We are grateful to our investors for the fundraising success of RCP Fund XVII, which exceeded its target despite an increasingly challenging…