Print
Email
Print Edition StoriesWednesday, December 30, 2009
Riverside Partners rounds up $378M total for fourth fund
By Galen Moore
The current high-water mark for Riverside Partners’ new fund is much higher than previously reported.
As Mass High Tech first reported Monday, the Boston-based private equity firm has raised a new fund to invest in middle-market and growth-stage companies in the health care and technology sectors.
However, as the Thomson-Reuters blog Private Equity Hub kindly pointed out late Tuesday, the fund, Riverside’s fourth, is worth far more than the $85.6 million originally reported here. Riverside IV is bifurcated into an onshore fund so far worth $292.4 million, and an off-shore fund valued at $85.6 million. Both were disclosed in filings posted by the U.S. Securities and Exchange Commission on Dec. 28, bringing the total fundraise for Riverside IV to $378 million — far above the firm’s third fund, which closed in 2006 at $225 million. The filings pegged the fourth fund’s final close at $400 million.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
