David McCoy joined private equity fund-of-funds firm RCP Advisors as principal and head of the co-investment business, confirmed Chris Bradley, spokesman in an e-mailed response to questions.
Mr. McCoy also will be portfolio manager of RCPDirect LP, a co-investment fund with a $150 million target. Both are new positions at the firm.
Mr. McCoy was a partner at National City Equity Partners, PNC Financial Services Group’s private equity and mezzanine subsidiary. Information about Mr. McCoy’s replacement was not available by press time.