The Riverside Company has completed the raise for its latest micro-cap fund, at $650m.
Riverside Micro-Cap Fund IV (RMCF IV), which exceeded its target of $500 million, a significant increase from RMCF III, which closed at $350 million, attracted Makena Capital, Clients of Partners Capital Investment Group, the State of Michigan Retirement System and clients of Willis Towers Watson as limited partners.
Led by Loren Schlachet, whose team has invested in over 50 platforms since 2005, and exited over 20 platforms, the fund invests in fast-growing North American companies with generally up to $7m of EBITDA.
Led by Co-CEOs Stewart Kohl and Béla Szigethy, The Riverside Company is a global private equity firm focused on making control and non-control investments in businesses valued at up to $400 million. Since its founding in 1988, the firm has invested in more than 440 transactions with the international portfolio including more than 80 companies.