Like its predecessors, RMCF III executes control buyouts of fast-growing U.S. companies with up to
"RMCF III attracted huge interest. Not only was the fund meaningfully oversubscribed, but we received commitments for the whole fund just five months after launch," said Riverside Co-CEO
The RMCF fund family was launched in 2005. Since then, the RMCF team has acquired 80 companies (39 platforms, 41 add-ons) and exited 12 portfolio companies. RMCF uses a hands-on approach that aims to drive significant improvements in companies' operations, management teams, pricing and/or infrastructure. RMCF's model is designed with the goal of growing EBITDA both organically and through accretive add-on acquisitions.
"Focusing on the smallest 'micro' deals was a fairly risky proposition back when RMCF started," said Riverside Co-CEO BÉla Szigethy. "Over time, our strong team has shown how careful investing and world-class operational resources can supercharge growth at these little companies."
"We love working with the entrepreneurial owners that we often encounter in micro-cap companies," said Fund Manager
RMCF III's investor base is composed of leading institutions, including:
• Clients of
• Clients of
• Clients of Partners Capital Investment Group
• State of Michigan Retirement Systems "RMCF is a very differentiated fund with a strong track record," said
The close of RMCF III comes on the heels of two other recent fund closings. Like RMCF III, both Riverside Capital Appreciation Fund VI (RCAF VI) and Riverside Asia-Pacific Fund II (RAF II) closed well above their targets receiving strong support from Riverside's investor relationships.
Read the full story at http://www.prweb.com/releases/2014/07/prweb12014570.htm
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