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Laxman Pai, Opalesque Asia:

Riverwood Capital, formed 15 years ago by former KKR executives, has raised its largest pool of capital to date to invest in high-growth technology companies.

The growth-stage technology investment firm headquartered in Menlo Park, California said in a media release that it collected $1.8 billion for its fourth fund, Riverwood Capital Partners IV, and related vehicles.

The sum exceeds Riverwood's $1.5 billion target as well as the firm's previous fundraising effort, a 2019-vintage vehicle that gathered $1.4 billion.

According to the release, Riverwood has reached $7.3 billion of value across all investments since inception by executing a consistent investment strategy focused on actively partnering with established technology companies as they seek capital and expertise to scale their customers, products, and global footprints.

"Since 2008, we have been focused on a very attractive and expanding market opportunity for mid-size, high-growth technology companies in which we can invest between $25 and $100 million and provide world-class operational resources and expertise to scale those businesses without the limitations and leverage risks associated with traditional buyout strategies," said Jeff Parks, Co-Founder and Managing Partner, Riverwood Capital.

Riverwood has led investments in over 75 companies, each benefiting from secular technology trends such as digitalization, cloud, SaaS, AI and automation, big data, and analytics ......................

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