Riverside Closes Strategic Capital Fund, at $418M

Global private equity firm The Riverside Company has completed fundraising for its first non-control investment fund, at $418m.

Led by George Cole and Hal Greenberg, Riverside Strategic Capital Fund has attracted a number of investors, including New Mexico Educational Retirement Board, Northwestern Mutual and Phoenix Life.
RSCF, which makes non-control structured equity investments in growing companies with over $5 million of EBITDA, initiated its investment activities in 2015, and already has completed six transactions with an objective to construct a diversified portfolio of up to 15 companies based in North America and selectively in Europe.
The fund is currently invested in the following businesses:
– Alcohol Monitoring Systems
– Bentley Laboratories
– Fadata
– North American Dental Group
– True Health Diagnostics
– DuBois Chemicals

Concurrent with the conclusion of the fundraising, the firm promoted RSCF Transactors Jeffrey Gordon to Partner and Jay Reynolds to Principal.



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