Riverside About Midway To $1.2B Goal For Fund VI

Firm: The Riverside Company

Fund:  Riverside Capital Appreciation Fund VI LP

Target: $1.2 billion

Amount Raised: $550.6 million

Placement Agent: Probitas Funds Group, LLC

Fund:  Riverside Capital Appreciation Fund VI-A LP

Target: $300 million

Amount Raised: $34.4 million

Placement Agent: None

The Riverside Company has approached the midway point of its fundraising target for its sixth flagship buyout fund, a vehicle that is seeking as much as $1.5 billion, a source with knowledge of the Cleveland buyout shop’s activities told Buyouts.

The new pool, Riverside Capital Appreciation Fund VI LP, has raised $550.6 million from 42 investors toward its $1.2 billion target, according to a regulatory filing dated Jan. 4. The Securities and Exchange database shows that the firm, a specialist ...

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