The Riverside Company Closes Value Fund at $350M

The Riverside Company, a global private investment firm focused on the smaller end of the middle market, closed its Riverside Value Fund at $350 million, its 34th fund raised since inception in 1988.

The fund invests in businesses undergoing “operational transformation or facing complex situations or unique challenges.” The fund has a flexible mandate, but primarily targets control investments in North American businesses that generate revenue between $60 million and $300 million.

The fund has already invested in LMG Holdings Inc., a national manufacturer and distributor of ignition interlock devices for DUI offenders, followed by add-on Alcohol Monitoring Systems to form SCRAM Systems, a judicial monitoring services provider for alcohol-related offenses.

The fund has also invested in PFB Corp., a manufacturer of insulation building products, as well as Siffron, a manufacturer of merchandising display products and loss prevention services.

Led by co-CEOs Stewart Kohl and Béla Szigethy, Riverside has made more than 970 investments since its founding.