Riverside Company wraps up debut value fund at $350m

• The fund is targeting businesses that generate revenue between $60 million and $300 million
• The Riverside Company backs the smaller end of the middle market
• Riverside was founded in 1988 and has co-headquarters in New York and Cleveland

The Riverside Company has closed its inaugural value fund at $350 million.

Riverside Value Fund I invests in North American businesses undergoing operational transformation or facing complex situations or unique challenges.

The fund is targeting businesses that generate revenue between $60 million and $300 million.

“We believe our differentiated approach to sourcing, coupled with our hands-on operational expertise and broad resources across the Riverside platform, position us to deliver positive results. I extend my sincere gratitude to our limited partners for their trust and support as we embark on this exciting journey together,” said RVF Managing Partner and Fund Manager Sean Ozbolt in a statement. “We are proud to have raised our target fund size in this environment, and we are grateful to work with such an experienced and sophisticated group of investors who are aligned with our value-oriented investment approach and our commitment to operational transformation to drive growth.”

The Riverside Company backs the smaller end of the middle market. Riverside was founded in 1988 and has co-headquarters in New York and Cleveland.