Atlantic-Pacific Capital, a global placement agent for alternative investment funds, has held the final close of Riverside Fund IV, a USD406m lower middle market buyout fund.
Fund IV was significantly oversubscribed and exceeded Riverside Partners’ initial target of USD325m when the fund was launched in April 2009.
Fund IV received support from almost all existing institutional investors while also attracting a number of new partners including state and corporate pension plans, foundations, consultants, and European investors.
Atlantic-Pacific Capital acted as the exclusive global placement agent and financial adviser.
Fund IV will continue Riverside’s focus on control investments in established lower middle market healthcare and technology companies. This focus includes investing in and adding value to founder- and management-owned companies.
“APC provided a tailored marketing plan and ongoing strategic advice, both of which are critical in today’s challenging capital-raising environment,” says David Belluck (pictured), general partner of Riverside. “We were impressed with the team’s execution from start to finish. They did a fantastic job in helping us raise this fund.”
