08:32 AM EDT, 04/10/2025 (MT Newswires) -- P10 (PX) said Thursday that its RCP Advisors unit closed its co-investment fund RCPDirect V with total commitments of about $994 million, exceeding its $800 million target.

RCPDirect V's limited partners consist of new and existing investors, including family offices, insurance companies and high-net-worth individuals, P10 said.

The fund will generally partner with lead buyout fund managers that raise committed capital of $100 million to $1 billion and will make minority equity investments of $7.5 million to $40 million in lower middle market companies with enterprise value of $25 million to $500 million, P10 added.