Riverside Company Raises Over $1.8B for Micro-Cap Fund – It’s Largest to Date

The Riverside Company, a global private investor focused on the smaller end of the middle market, raised $1.872 billion for its Riverside Micro-Cap Fund VI – RMCF IV -, easily making it the company’s largest fundraise since inception in 1988.  

The fresh capital for the Ohio-based firm was raised from 369 investors, according to a related public filing, over roughly 18 months. The new fund is approximately 56% larger than its predecessor fund, which closed at its hard cap of $1.2 billion in 2018 with 176 investors. 

The new fund’s strategy is to continue to invest in fast-growing North American companies with generally up to $10 million of EBITDA. Since 2005, the team has invested in 83 platform companies, 191 add-ons, and completed 43 exits. 

“We are grateful to both new and existing investors for their overwhelming support,” said RMCF Managing Partner Loren Schlachet. “We’re excited to continue partnering with promising small companies in North America with the shared goal of delivering transformative growth and creating lasting value.” 

Since its founding, Riverside has made more than 960 investments. The firm’s international private equity and flexible capital portfolios include more than 150 companies.