RCP Advisors raises $315m

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RCP Advisors has raised $315 million for its RCP Fund XI, per a SEC filing. The Chicago-headquartered firm began fundraising in 2015 with a $250 million target and a $400 million hard-cap.

Its previous fund raised $332 million in 2016.

Investors that committed to RCP Fund XI include the North-East Scotland Pension Fund and the Adams County Retirement Plan.

The fund will target private equity fund opportunities in a diverse number of sectors in the United States.