The Riverside Company, an investment firm focused on lower middle market investments, closed its Riverside Value Fund II (RVF II) at its hard cap of $750 million. RVF II was oversubscribed and closed at more than double the size of its predecessor fund RVF I, which held a final close in June 2023 at $350 million. RVF II closed the fund five months after its initial launch in February 2025.
The Riverside Value Fund (RVF) seeks to invest in North American businesses that compete in durable, growing end markets and that have the potential for significant growth and operational transformation. RVF provides flexible capital solutions to support businesses in transition or at an inflection point. The fund targets investments in a wide range of industries, and its current portfolio includes companies in the business services, specialty manufacturing, value-added distribution and financial services sectors, among others.
“We are humbled by the trust placed in us by this highly experienced and thoughtful group of existing and new investors in RVF II, and we are grateful for the strong performance delivered by our partner companies which enabled us to achieve this milestone,” Sean Ozbolt, managing partner at Riverside Company, said. “We’re fortunate to partner with investors who share our value-driven philosophy and our focus on operational excellence as a catalyst for sustainable growth.”
Joining Ozbolt in leading the RVF investment team are managing partner Ron Sansom and partners Andrew Fohrer and Craig Kahler. In addition to its dedicated investment and operating team based in Los Angeles, RVF leverages the depth and breadth of Riverside’s global platform, including its experienced, 23-person origination team and its group of more than 50 operating professionals.
“The lower middle market offers a wide range of companies navigating complex or transitional situations, including carve-outs, family-owned business transitions, challenging integrations, leadership changes or other inflection points,” Stewart Kohl, co-CEO of Riverside, said. “RVF’s platform is built to identify these hidden gems, unlock overlooked value and work with management partners to implement hands-on operational strategies that accelerate both revenue and quality of earnings.”
“The RVF team now has a proven track record of identifying value in complex situations or companies in transition which led to successfully raising this second fund,” Béla Szigethy, co-CEO of Riverside, said. “We’re thrilled so many LPs, both new and existing, in turn recognized the value of RVF. An oversubscribed fund is a testament to their faith in Riverside – and we’re honored to have those investors join us on this journey.”
