Riverside closes RMCF III on $350 mln


shutterstock_155752p1

The Riverside Company has closed its latest fund on its hard cap of $350 million. Riverside Micro-Cap Fund III was oversubscribed.

RMCF III is a Small Business Investment Company (SBIC) and will back buyouts of fast-growing US companies with up to $5 million of EBITDA. RMCF III will combine its private capital with up to $150 million from the U.S. Small Business Administration for a total fund size of $500 million.

The RMCF fund family was launched in 2005. Since then, the funds have acquired 80 companies (39 platforms, 41 add-ons) and exited 12 portfolio companies.

The close of RMCF III follows two other Riverside fund closings. Riverside Capital Appreciation Fund VI and Riverside Asia-Pacific Fund II also closed above target.

Image courtesy of Shutterstock

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.