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Saturday, 10/14/2017 3:10:45 PM

Saturday, October 14, 2017 3:10:45 PM

Post# of 8795
Here's the whole section regarding RCP acquisition by a "Public Acquirer" (PIOE):

Following the consummation of a transaction in which the members of RCP will sell their ownership interests in RCP to a public company (the “Acquisition”), RCP will no longer be a relying adviser of RCP 1. The Acquisition is expected to close in September 2017. The identity of the public company (the “Public Acquirer”) will be disclosed once the Acquisition is publicly announced. Following the completion of the Acquisition, RCP will be a wholly-owned subsidiary of the Public Acquirer, with RCP’s senior management holding a substantial minority interest (49.5%) in the Public Acquirer. Notwithstanding the changes at the management company level, the Acquisition will not result in any changes to the management of RCP, including the composition of the Investment Committee and Board of Managers.
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