The Riverside Co. has completed fundraising for its Riverside Micro-Cap Fund V.
The firm’s latest buyout fund closed at its hard cap of $1.2 billion in capital commitments in less than four months, with demand exceeding the hard cap by more than 50 percent. It closed well in excess of its predecessor fund, RMCF IV, a $650 million fund.
RMCF V invests in fast-growing North American companies with generally up to $10 million of EBITDA. The RMCF team has invested in more than 55 platforms and 75 add-ons since 2005 and has exited more than 30 platforms.
“This level of investor support is the direct result of the quality of work done by the RMCF team. The RMCF platform investments have grown sales at a CAGR of 23 percent since the fund’s inception and equally impressive, have organically grown employee headcount by 27 percent at the portfolio company level,” said Riverside’s Co-CEO Stewart Kohl. “This is a remarkable body of work, and it has been most gratifying to see how well these companies have flourished.”
