Riverside Achieves $750 Million Hard Cap with RVF II

The Riverside Company, a renowned global investment firm focusing on lower middle market investments, proudly announced the final close of its Riverside Value Fund II (RVF II) at its hard cap of $750 million. This milestone marks a significant increase from its predecessor, having doubled the size of RVF I which had closed at $350 million. Despite being oversubscribed, RVF II attracted substantial interest, solidifying its position as a pivotal player in North American lower middle-market investments. The fund seeks to invest in businesses across diverse sectors such as business services, specialty manufacturing, and financial services, while focusing on operational transformation and growth. Riverside's seasoned management team, led by Managing Partner Sean Ozbolt, is committed to implementing aggressive growth strategies alongside its management partners. Over the past year, the firm completed transactions surpassing $1 billion in enterprise value and intends to continue enhancing value through operational strategies and employee equity plans.