Riverside Partners, a Boston-based private equity firm focused on investing in middle market healthcare and technology companies, has announced four promotions.
With the aim of further strengthening the investment team as the firm continues to invest Riverside Fund V, L.P., a $561m equity fund, Riverside promoted Michelle Noon and Max Osofsky to General Partner, David Del Papa to Partner, and Chris Ryan to Principal.
Michelle Noon joined Riverside Partners in 2008 and focuses on technology investments with a specific emphasis on software, software-based services, transaction processing and media technology. She brings more than 15 years of experience in private equity and finance to her role. Noon has played
key deal and portfolio management roles with Riverside’s technology investments including Thinklogical, Contractor Management Services and Pilgrim Quality Solutions. Prior to joining Riverside, she was on the investment team at Thoma Bravo (f/k/a Thoma Cressey Equity Partners) in San Francisco and
focused on software investments. Noon also worked as part of the investment banking group at Morgan Stanley in New York.
Max Osofsky brings more than 16 years of private equity and consulting experience to the Riverside Partners’ team, which he joined in 2008. Osofsky co-leads the firm’s healthcare investing activities. He has played key leadership roles with several current Riverside portfolio companies, including Bottom Line
Systems, Allied Dental, BioAgilytix, Dominion Diagnostics and HealthDrive, as well as with prior investments in Tegra Medical (sold to SFS Group) and Vocollect (sold to Honeywell). Prior to joining Riverside, Osofsky was a Vice President at Summit Partners, and a consultant at Bain & Company.
David Del Papa joined Riverside Partners in 2012 as a Vice President, and has more than ten years of private equity and consulting experience. He has been involved in all facets of the investment process and played a key role on several Riverside Partners’ technology and healthcare investments including
ITC Global (sold to Panasonic Corporation), Eliassen Group, and Thinklogical. Prior to joining Riverside, Del Papa was on the lower middle market buyout team at H.I.G. Capital. David also worked as a strategy consultant at the Boston Consulting Group.
Chris Ryan joined Riverside Partners in 2011 and brings more than 10 years of private equity and consulting experience to the firm. Ryan focuses on investments in the technology sector. He has worked closely with several Riverside portfolio companies including Contractor Management Services, FirstLight
Fiber (sold to Oak Hill Capital Partners), Thinklogical, and ITC Global (sold to Panasonic Corporation). Prior to joining Riverside Partners, Ryan was an Associate with Advent International and a strategy consultant with the Parthenon Group.