Lower-mid-market buyout specialist RCP Advisors has closed its latest emerging manager fund of funds at $170.3 million as it continues to have confidence in the performance of younger firms. The firm is also advertising three open positions.
The Chicago-based firm, with some $15.3 billion AUM, has closed RCP Small and Emerging Fund III LP at roughly $20 million more than its $150 million target, per a firm announcement. A spokesperson at RCP Advisors said he could not comment further on the vehicle.
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