– The Riverside Company closed Riverside Value Fund II (RVF II) at its hard cap of $750 million.
– RVF II was significantly oversubscribed and more than twice the size of its predecessor, RVF I, which closed at $350 million in June 2023.
– RVF II reached its final close just five months after launching in February 2025.
– The fund targets North American businesses in durable, growing end markets with potential for significant growth and operational transformation.
– RVF provides flexible capital to support businesses in transition or at inflection points.
– The fund invests across a wide range of industries, including business services, specialty manufacturing, value-added distribution, and financial services.
– The RVF team works closely with management to implement aggressive top-line and bottom-line growth strategies.
– RVF II is led by Managing Partner Sean Ozbolt, alongside Ron Sansom, Andy Fohrer, and Craig Kahler.
– The team is based in Los Angeles and supported by Riverside’s global platform.
– Riverside’s platform includes a 23-person origination team and more than 50 operating professionals.
– Sean Ozbolt, Managing Partner: “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.”
– Stewart Kohl, Co-CEO: “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.”
– Béla Szigethy, Co-CEO: “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.”
– In the past 12 months, RVF completed over $1 billion in enterprise value transactions.
– These included three new platform investments, five add-on acquisitions, and one exit.
– RVF has expanded its partnership with Ownership Works to implement broad-based employee equity ownership plans.
– More than 1,100 employees across RVF portfolio companies now hold equity stakes.
– The oversubscription of RVF II underscores strong LP interest and support from both new and returning investors.
