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RCP Advisors raises $230.8M for private equity fund

RCP Advisors LLC has secured approximately $230.8 million for RCP Fund XIV LP.

The fund has a target of $250 million, but the final offering size will be "determined by the general partner at its discretion," according to an SEC filing. It has a hard cap of $400 million.

In total, 121 investors committed to the private equity fund.

RCP Advisors specializes in fund of fund, direct co-investment and secondary indirect investments.