RLH returns with $500 mln Fund IV target

Los Angeles City Employees’ Retirement System, pension fund, private equity
Los Angeles, California, USA - July 21, 2016: Dusk aerial of the Santa Monica 10 and Harbor 110 freeway interchange near downtown Los Angeles. Photo courtesy trekandshoot/iStock Editorial/Getty Images
  • Fund to be near a third larger than Fund III at target
  • Previous RLH funds netting 16.2 pct IRR in aggregate
  • Firm specialty: healthcare, government and business services
Riordan, Lewis & Haden Equity Partners set a $500 million target for its latest middle-market buyout fund. The firm will charge fund investors a 2 percent management fee on committed capital through the vehicle’s six-year investment period, an investment memo ...
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