Lower midmarket private-equity firm Riverside Co. is aiming to collect $1.5 billion for its latest fund focused on backing smaller companies, according to people familiar with the fundraising.
If the firm reaches that goal, the fund would be about 25% bigger than its predecessor, Riverside Micro-Cap Fund V LP, which collected $1.2 billion in 2018 and closed at its hard cap. The firm, which operates from headquarters in New York and Cleveland, collected $650 million for its fourth microcap fund in 2016.
The Riverside Company is a global investment firm focused on being one of the leading private capital options for investors, business owners and employees at the smaller end of the middle market by seeking to fuel transformative growth and creating lasting value.
Can’t stop reading? Read more
Advent exits Ultra PCS in $1.55bn defence deal with Eaton
Advent exits Ultra PCS in $1.55bn defence deal with Eaton Advent International has agreed to sell...
Tikehau Capital to acquire ScioTeq from OpenGate Capital in aerospace-focused deal
Tikehau Capital to acquire ScioTeq from OpenGate Capital in aerospace-focused deal Tikehau Capital...
ADNOC, Carlyle, and ADQ lead $18.7bn bid for Santos in record-setting LNG push
ADNOC, Carlyle, and ADQ lead $18.7bn bid for Santos in record-setting LNG push A consortium led by...