Elvinger US and Elvinger Hoss Prussen assisted RCP Advisors in the setting up and final close of its RCP Fund XVIII

Elvinger US and Elvinger Hoss Prussen assisted RCP Advisors, an affiliate of publicly listed group P10, Inc. (NYSE: PX)  in the setting up and final close of its RCP Fund XVIII (the “Fund”). The Fund closed on approximately $285 million in aggregate commitments. It has a broad LP base of new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans and endowments. The Fund will adhere to the same investment strategy that RCP’s predecessor primary funds employ. It will generally target investments with buyout fund managers primarily focusing on less than $1 billion in committed capital. These managers will, in turn, generally seek to make control-oriented investments in established, small to mid-sized companies with approximately $3 million to $25 million in EBITDA. Our advice included fund structuring and establishment, closing matters and financing. Partner Nicolas Fermaud led the Elvinger US funds team comprised of Victoria Notebaert and Tomas Baecke. Elvinger Hoss Prussen’s financing team included partner Anna Hermelinski-Ayache, counsel Jean-Bernard Spinoit and senior associate Federico Fanelli Pratali.