RCP Advisors 2, LLC
RCP Advisors closes fifth secondaries fund at $1.25B hard cap
Summary: RCP Advisors announced the final close of RCP Secondary Opportunity Fund V, LP at its $1.25 billion hard cap, above the fund's stated $1 billion target. The item is based on RCP's own October 1, 2025 press release and should be treated as a dated primary-source fund-close update, not breaking news.
Why it matters: The update may matter to due-diligence readers because it is a public fundraising and strategy-continuity signal for RCP's small-buyout secondaries platform, while the release does not by itself establish fund performance or suitability.
Summary
RCP Advisors announced on October 1, 2025 that RCP Secondary Opportunity Fund V, LP, or RCP SOF V, had reached its final close. According to RCP’s release, the fund was oversubscribed, closed at its $1.25 billion hard cap, and exceeded a stated $1 billion target.
The release describes RCP as a private equity firm focused on North American small-buyout strategies and says the fund continues the approach used by RCP’s predecessor secondary funds. Treat this as a dated primary-source fund-close item rather than a breaking-news update.
Why it matters
For due-diligence readers, the close is relevant as a public fundraising signal for RCP’s small-buyout secondaries platform. The release indicates demand from a mix of new and existing limited partners and says the vehicle will target secondary market purchases and other secondary transactions, including LP-led and GP-led transactions, in private equity funds focused generally on leveraged buyout, growth, or restructuring transactions.
The signal should stay bounded. RCP’s announcement does not provide fund-level performance, full investor composition, portfolio exposures, or terms beyond the disclosed fundraising details, and it should not be read as investment advice or as a recommendation about RCP, the fund, or any strategy.
Source notes
- RCP primary source: https://www.rcpadvisors.com/news/rcp-advisors-closes-sof-v/
- RCP sitemap source used by verifier to confirm the official URL surface: https://www.rcpadvisors.com/post-sitemap.xml
- The RCP release is the source for the $1.25 billion hard cap, the $1 billion target, the oversubscription language, the fund name, the small-buyout secondaries framing, and the P10/RCP platform description.
- Verifier note: no duplicate RCP Advisors, SOF V, Secondary Opportunity Fund V, or fifth-secondaries post was found in
src/content/newsduring the source-review pass.
9AT filing context
Public ADV/profile context maps the relevant adviser match to RCP Advisors 2, LLC, CRD 289963 / SEC file 801-111835, with public website/domain rcpadvisors.com. The returned profile shows about $18.2 billion in reported regulatory AUM/profile scale, 63 employees, 13 advisory employees, 138 private funds, SMA activity, no ERA flag, and a last ADV submission date of 2026-03-30.
The same safe context includes returned private-fund names relevant to this item, including RCP Secondary Opportunity Fund II, LP; RCP Secondary Opportunity Fund III, LP; RCP Secondary Opportunity Fund IV, LP; RCP Secondary Opportunity Fund V, LP; RCP SOF V Cayman Feeder, LP; and RCP Secondary Opportunity V (EU), SCSp. This filing context supports identity, platform scoping, and continuity of secondaries-related fund naming only. It does not independently verify the close amount, investor demand, fundraising quality, performance, or investment merits.
No 13F or Form 5500 context is recommended for this draft from the current workflow.
What to watch
Watch for future public filings or manager updates that clarify RCP SOF V’s deployment pace, LP-led versus GP-led transaction mix, follow-on secondaries fundraising, changes in RCP’s reported ADV/private-fund profile, or additional P10/RCP disclosures about the small-buyout secondaries platform.