Riverside closes latest fund on €420m
The Riverside Company has closed its Riverside Europe Fund IV on €420m.
Launched in 2008, the vehicle held its first close in December 2008 on €110m. Despite difficult fundraising conditions, strong support from historical Riverside investors enabled it to exceed its predecessor's total commitments of €315m.
Riverside Europe Fund IV attracted commitments from Europe, the United States and Asia. It will focus on lower mid-market buyouts in Europe, investing in companies with a €15-200m enterprise value.
The vehicle has already performed four investments, including the €100m secondary buyout of Italian swimwear company Arena.
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