Resolute Capital Partners (RCP), a private investment firm focused on providing structured capital solutions to lower middle market businesses, closed Resolute Capital Partners Fund V (RCP V) at $405 million in aggregate capital commitments. The funding includes assumed leverage accessible through RCP’s licensure by the United States Small Business Administration (SBA) as a Small Business Investment Company (SBIC).
In deploying RCP V, the RCP team will continue to execute the same strategy that has generated strong returns for its investors for more than two decades. RCP seeks to make capital commitments of $5 – $40 million per transaction in profitable businesses with $5 – $150 million in revenue.
“We are excited to have the support of our investors and the SBA to continue doing what we do best, assisting growth-oriented small companies with capital and expertise,” Bill Nutter, managing partner at RCP, said. “RCP is committed to remaining actively engaged with thriving companies in the small business community. With our robust capital base, we will be able to help these businesses scale and create value over several years.”
RCP V received capital commitments above its original fundraising target, assembling a diverse capital base comprised of several new limited partners and many investors from prior funds, including banks, insurance companies, funds of funds, foundations and individuals.
RCP’s structured capital solutions include subordinated debt and equity funding to support growth capital, buyouts, acquisitions, recapitalizations and refinancing. RCP V has been actively deploying capital with six investments closed to date.
“Our ongoing efforts to work with private equity and independent sponsors have allowed us to maintain the momentum from our prior fund as RCP V begins its investment period,” Nutter said. “While several of our recent investments have been alongside groups with which we have previously worked, we are excited to continue expanding our deal flow network.”
