Riverside appoints first president

Kiggen joins from Blackstone, where he worked as senior managing director; he notably headed Blackstone's cleantech venture capital effort while also playing a technology investment role in the firm's private equity group.

Prior to that, Kiggen held roles at AllianceBernstein, DLJ, McKinsey and Wellington. He started his career as an entrepreneur in the software industry.

Kiggen will be based in Riverside's New York office. His responsibilities include chairing the Riverside Cabinet (composed of the co-CEOs, fund managers and the COO), working closely with senior investment executives, leading new product development, supporting the work of the investor relations team, assisting with human capital management, representing Riverside at select events and providing investment expertise on select transactions.

"Bringing in a president is a decision we've been mulling over for years," said co-CEO Stewart Kohl in a statement. "The private equity industry is maturing and evolving. Like other leading institutional PE firms, Riverside needs to find ways to become even more efficient and effective," added co-CEO Béla Szigethy.

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