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Riverside closes Value Fund I at $350m

The Riverside Company, a global private investment firm focused on the smaller end of the middle market, has held the final close of the Riverside Value Fund I (RVF I), at its target of $350 million in capital commitments. 

The Riverside Company, a global private investment firm focused on the smaller end of the middle market, has held the final close of the Riverside Value Fund I (RVF I), at its target of $350 million in capital commitments. 

The new vehicle is the 34th fund raised by Riverside.

RVF I invests in businesses undergoing operational transformation or facing complex situations or unique challenges. The fund has a flexible mandate, but primarily targets control investments in North American businesses that generate revenue between $60 million and $300 million.

RVF I completed its first investment in LMG Holdings (LMG), a national manufacturer and distributor of ignition interlock devices for DUI offenders, in 2020, followed by add-on Alcohol Monitoring Systems the next year to form SCRAM Systems, the leading end-to-end judicial monitoring solutions provider for alcohol related offences.

Also in 2021, RVF invested in PFB Corporation, a leading North American manufacturer of energy efficient, environmentally friendly insulation building products for residential and commercial applications and materials for infrastructure/civil projects. RVF added siffron, a manufacturer and distributor of consumable and seasonal merchandising display products and loss prevention solutions, in 2022. 

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