Recurring Capital Partners

The firm writes growth term loans of $1 million to $20 million, often structured as subordinate debt that sits behind existing bank credit lines. The loans carry flexible covenants and require no personal guarantees or institutional equity backers, which allows founding teams to avoid dilution, board seats, or preferential return structures while layering RCP's debt alongside senior bank facilities. The firm has demonstrated a consistent practice of making follow-on investments to portfolio companies as they scale.

The firm's public disclosures describe direct debt deployment — "RCP has deployed $325+ million across 70+ B2B SaaS companies" — but do not specify whether this capital comes from a single balance sheet, a committed fund structure, or separately managed accounts. Chico Korth's investor-relations role and the lack of a disclosed registered fund suggest that RCP raises capital from institutional limited partners, but the firm's regulatory and fund-formation posture is not publicly detailed.