RCP Advisors Closes Secondary Opportunity Fund V on $1.26 Billion, Exceeding Target Size
DALLAS, Oct. 01, 2025 (GLOBE NEWSWIRE) — P10, Inc. (NYSE: PX), a leading private markets solutions provider, and RCP Advisors, a private equity firm specializing in North American small buyout strategies, are pleased to announce the final close of RCP Secondary Opportunity Fund V, LP (“RCP SOF V” or the “Fund”). The Fund was oversubscribed, closing on $1.26 billion in capital commitments, exceeding its initial target of $1 billion.1 The Fund has a broad base of limited partners, comprised of both new and existing investors, including high net worth individuals, pension funds, endowments, foundations, and insurance companies.
“We congratulate RCP Advisors on the successful close of RCP SOF V, which we believe exemplifies both investor confidence in the firm’s strategy and the growing demand for North American small buyout funds,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “We strive to deliver best-in-class access to differentiated investments in the lower middle market, and we appreciate the partnership of both new and existing LPs. I want to thank the entire RCP team for their dedication and deep expertise, which continue to contribute to the P10 platform.”
RCP SOF V represents a continuation of the investment style and approach that was established with RCP Advisors’ predecessor secondary funds. The Fund will target investments, primarily through secondary market purchases or other secondary transactions (through both LP and GP-led transactions), in private equity funds that generally focus on leveraged buyout, growth, or restructuring transactions.
“The positive market reaction to RCP SOF V shows that our steadfast commitment to the small buyout fund space resonates with investors now more than ever,” said Jon Madorsky, RCP Managing Partner and Co-Portfolio Manager.
“We raised an oversubscribed secondary pool of capital in a very short timeframe. We believe this was due to our strong prior performance and partnership with our LPs, our differentiated focus, and a very attractive secondary buying opportunity. We look forward to a successful investment period for RCP SOF V,” said Raj Patel, RCP Partner and Co-Portfolio Manager.
About P10
P10 (NYSE: PX) is a leading private markets solutions provider with over $40 billion in assets under management as of June 30, 2025. P10 invests across Private Equity, Private Credit, and Venture Capital in access-constrained strategies, with a focus on the middle and lower-middle market. P10’s products have a global investor base and aim to deliver compelling risk-adjusted returns. For additional information, please visit www.p10alts.com.
