Elvinger US and Elvinger Hoss Prussen assisted RCP Advisors

Elvinger US and Elvinger Hoss Prussen assisted RCP Advisors, an affiliate of the publicly listed group P10, Inc. (NYSE: PX) with the establishment and final closing of RCPDirect V (the “Fund”). The Fund was oversubscribed, raising approximately $975 million in capital, significantly exceeding its target of $800 million. The Fund attracted a broad base of limited partners, comprised of both new and existing investors, including family offices, insurance companies, endowments, foundations, public pension plans, and high-net-worth individuals. RCPDirect V will generally partner with lead buyout fund managers who raise funds (between $100 million and $1 billion) in committed capital and will make minority equity investments (between $7.5 million and $40 million) in lower middle market companies.

The legal advice provided by Elvinger US and Elvinger Hoss Prussen spanned fund structuring, establishment, closing matters, and financing. Partner Nicolas Fermaud led the Elvinger US funds team, comprised of Associates Tomas Baecke, Capucine Freydrich and Maria Torres. Elvinger Hoss Prussen’s financing team included Partner Anna Hermelinski-Ayache, assisted by Elvinger US’ Senior Associate Fiorenza Cingolani and Associate Katherine Martin.