RCP Advisors secures $170M for emerging managers; seeks three new hires

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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Big Moves: GCM Grosvenor, AVALT, Brinkmere Capital Partners

The following Big Move! items appeared in the April 4 free edition of Private Equity Career News:

Martin Laguerre joins the New York City office of money manager GCM Grosvenor as managing director, private equity investments and co-head of global diversified private equity, according to his Linkedin profile. Laguerre most recently served as a senior advisor at private equity firm Warburg Pincus LLC.

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Connecticut to hire deputy CIO, state official says; role includes overseeing emerging manager program

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