DFX Intelligence
Private Equity Intelligence
Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.
Firms / RC Capital
RC Capital
We are a lower middle market private equity firm building healthcare companies by leveraging the unique interplay of our segments of focus.
Classification
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 13 of 16 distinct vehicles are sworn Private Equity Funds; 13 reported gross assets on a filing in 2022 or later
- Size band
- Lower middle marketdefined by: proxy: $0.48bn Private Equity Fund GAV on the Form ADV filed 2024-03-20
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 13 of 16 distinct vehicles are sworn Private Equity Funds; 13 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- registered investment adviser
- Form ADV filings
- Mar 19, 2012 to Mar 20, 2024
- RAUM
- $785Mregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 11
- PE fund GAV, latest filing
- $478Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $478Mevery private fund type, latest filing
- 2024 PE fund GAV
- $478Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 81%
- Fund type mix
- filed 2024-03-20, latest gav Private Equity Fund $478M, latest counts Private Equity Fund 11, lifetime distinct Private Equity Fund 13, Venture Capital Fund 3
- Employees
- 19
- Headquarters
- Cincinnati, OH
- Office address
- 221 E. 4TH STREET, SUITE 2400, Cincinnati, OH, 45202-4151
- Business phone
- 513-621-9700
Stated criteria beside observed behaviour
61 observed deals
Stated by the firm
- Sectors
- healthcare, technology
- Geography
- not stated or not yet read
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- We focus on investing on the right side of healthcare, growing companies that enable clinicians to improve the delivery of care and the experiences and outcomes for the patients.
Observed from deals on record
- roles
- unknown 61
- period
- to 2026-05-27, from 2026-05-27, undated holdings 60, dated observations 2
- window
- last 2026-05-27, first 2026-05-27
- control
- unknown 61
- companies
- 61
- geography
- count 2, share 0.033, value OH, count 1, share 0.016, value CA, count 1, share 0.016, value MN
- investments
- 61
- seller kinds
- transactions
- 1
- cadence by year
- 2026 other deals 1
- platform add on
- add ons 0, platforms 0, add ons per platform unknown
- sector known for
- 7
- disclosed value usd
- n 0
- sector distribution
- count 2, share 0.033, value software, examples Catalyst, Reputation, count 1, share 0.016, value industrial services, examples APS, count 1, share 0.016, value business services, examples Oncall Staffing, count 1, share 0.016, value life sciences, examples Orthalign, count 1, share 0.016, value consumer products, examples ModifyHealth, Inc., count 1, share 0.016, value healthcare services, examples Captive Radiology
- holding period years
- n 0
- repeat counterparties
- subsector distribution
- count 2, share 0.033, value vertical software, examples Catalyst, Reputation, count 1, share 0.016, value electrical contracting, examples APS, count 1, share 0.016, value staffing, examples Oncall Staffing, count 1, share 0.016, value medical devices, examples Orthalign, count 1, share 0.016, value consumer products, examples ModifyHealth, Inc., count 1, share 0.016, value medical diagnostic labs, examples Captive Radiology
61 companies on the graph (1 transactions); most in software (2); observed 2026 to 2026
Funds
13 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| River Cities Capital Fund VII, LP ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $61.5M as of Mar 20, 2024 | no Form D | Early deployment | |
| River Cities Capital Fund Vii-B, LP ADV: Private Equity Fund | Feeder or parallel | 2023 first reported on Form ADV | $10.7M as of Mar 20, 2024 | no Form D | Early deployment | |
| River Cities Capital Fund Qp VII, LP ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $4.0M as of Mar 20, 2024 | no Form D | Early deployment | |
| River Cities Capital Fund VI, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $225M as of Mar 20, 2024 | no Form D | Unknown | |
| Rccf Netsertive,llc ADV: Private Equity Fund | buyout or unlabelled | 2016 first reported on Form ADV | $4.9M as of Mar 20, 2024 | no Form D | Harvest | |
| River Cities Financial Institutions Fund V, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2015 first reported on Form ADV | $19.8M as of Mar 20, 2024 | no Form D | Harvest | |
| Rccf Ifbyphone, LLC ADV: Private Equity Fund | buyout or unlabelled | 2015 first reported on Form ADV | $3.8M as of Mar 20, 2024 | no Form D | Harvest | |
| River Cities Capital Fund V (nqp), L.P. ADV: Private Equity Fund | buyout or unlabelled | 2014 first reported on Form ADV | $5.3M as of Mar 20, 2024 | no Form D | Harvest | |
| River Cities Capital Fund V, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2013 first reported on Form ADV | $118M as of Mar 20, 2024 | no Form D | Harvest | |
| River Cities Capital Fund IV, L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $22.0M as of Mar 20, 2024 | no Form D | Harvest | |
| River Cities Capital Fund IV (nqp), L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $2.4M as of Mar 20, 2024 | no Form D | Harvest | |
| River Cities SBIC III, L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $1.5M as of Jan 4, 2022 | no Form D | Wound down | |
| River Cities Capital Fund III, L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $66,906 as of Jan 4, 2022 | no Form D | Wound down |
Team
26 current, 1 former
Managing partner (5)
- Carter McNabb · Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Carter McNabb · Managing Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Daniel Timothy Fleming · Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Daniel Timothy Fleming · President, Director · since May 1, 2007 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Robert Alvin Heimann · Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Partner (2)
- Kaity Lynch · Manager of Administration · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Patrick Dunnigan · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Principal (3)
- Parag Rathi · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Vitaly Goldfeder · Principal · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Vitaly Goldfeder · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Vice president (7)
- Joseph Carter Mcnabb · Vice President - Secretary, Treasurer · since Jan 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Marcus Fields · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Paul Axelrod · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Robert Alvin Heimann · Vice President · since Jul 1, 2014 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Rurik Gerald Vandevenne · Vice President · since Jul 1, 2014 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Ryan Moeller · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Scott Steever · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Analyst (1)
- Kushal Modi · Analyst, Investments · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Investor relations (2)
- Britney Hamberg · Principal, Investor Relations & Operations · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Saloni Rai · Analyst, Investor Relations · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (5)
- Adrienne Vannarsdall · CFO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Britney Byrd · Analyst, Finance · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Dana Tanenbaum · Controller · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Edwin Theodore Robinson · Chief Financial Officer · since Feb 1, 2017 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Madeline Elaine Hedges · Chief Compliance Officer · since Mar 1, 2022 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Other (1)
- Jesse Gray · Executive-in-Residence · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
1 former (kept with end dates)
- Edward Charles Mccarthy · Vice President - Treasurer, Director · Jan 1, 2010 to Mar 28, 2019 Inference
Portfolio
61 relationships, 0 platforms, 0 add-ons
Transactions
1 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| May 27, 2026 | Growth investment | Captive Radiology | Sponsor (confirmed) | prnewswire.com |
Placement agents, lenders, advisers and co-investors
4 relationships
Placement agents (4)
- Thomas Capital Group, Inc. 6 shared · very strong · last Jan 1, 2023
- Stillpoint Capital, LLC 4 shared · strong · last Jan 1, 2023
- Invicta Capital LLC 3 shared · strong · last Jan 1, 2023
- Spoonhill Asset Management Inc. 1 shared · one time · last Jan 1, 2018
LP commitments
0 disclosed
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
2 most recent
- May 27, 2026Captive Radiology Secures Growth Investment to Accelerate Expansion and Enhance Patient Care Nationwide
- Mar 19, 2012RC Capital first filed Form ADV in the extract (ERA)
Across the graphs
RC Capital is the same institution as 3 records in Venture Capital, Independent Sponsors and RIA and Wealth.
Venture Capital1Independent Sponsors1RIA and Wealth1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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