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Laxman Pai, Opalesque Asia: The global private equity firm The Riverside Company said it has marked a final close of its largest investment fund yet - Riverside Micro-Cap Fund (RMCF) VI - at $1.872 billion in investable capital.
According to a press release from the global private investor focused on the smaller end of the middle market, RMCF VI closed at more than 50% larger than its predecessor fund RMCF V.
RMCF will continue to invest in fast-growing North American companies with generally up to $10 million of EBITDA, added the release. Since 2005, the RMCF 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."
RMCF uses a process-oriented and hands-on approach that aims to drive significant improvements in companies' operations, management teams, product offerings, and infrastructure, the release stated. "Through organic growth and acquisitions that add accretive value, RMCF's model is designed to transform companies."
"The success of RMCF VI is a strong vote of confidence from our existing and new investors in a challenging environment," said Riverside's Co-CEO Bela Szigethy...................... To view our full article Click here
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