RCP Advisors raises $396.5m

The Chicago-based investment firm closed its eighth fund.

RCP Advisors has held a final close of RCP Fund XIII at $396.5 million. The $400 million target fund pursues Fund of Funds and Co-Investment strategies within North America in the Diversified sectors.

Limited Partners that have backed the fund include Sacramento County Employees’ Retirement System (SCERS).

The fund’s predecessor vehicle, RCP Fund XII, closed at $382.1 million in April 2018.