Global buy-out firm Riverside Co. has closed its latest fund on $137 million, surpassing its initial target of $100 million. The Riverside Micro-Cap Fund II (RMCF II), which markets itself as a small business investment company vehicle, can add up to $150 million in capital.
The product will apply the RMCF approach of buying fast-growing companies with under $5 million in ebitda. It will invest in U.S.-based companies. The RMCF team is led by co-fund managers Loren Schlachet and Ron Sansom.
Click here for the release from PR Web.