Riverarch Equity Partners (formerly PNC Riverarch Capital), a private investment firm focused on investments in middle-market companies, announced the closing of its latest private equity fund, Riverarch Equity Partners IV, which has $1 billion in commitments.
Along with the support of its partner The PNC Financial Services Group, Fund IV includes participation from the Riverarch investment team, representing a commitment from the general partner of 4%.
Riverarch Equity Partners IV will continue the strategy of its predecessor funds, investing in established and high-quality middle market companies in value-added distribution, business services, and specialized manufacturing in North America and Europe with meaningful opportunities to accelerate growth and improve the business’s profile.
Even though the brand has changed and the new fund is significantly larger than its predecessor, Riverarch’s approach will remain the same. And Riverarch seeks to deploy $40 million to $100 million of capital per investment, with an ability to consummate more significant deals through relationships with its co-investment partners.
Riverarch already made four investments in Fund IV. Since its founding in 2011, the firm has made 34 platform investments and realized its investment in 21 of those companies. Riverarch Equity Partners is a middle-market private equity firm that invests in market-leading companies where it can partner with management to support accelerated growth. It is based in Pittsburgh, Pennsylvania, and it is the private equity affiliate of The PNC Financial Services Group.
KEY QUOTE:
“We are grateful for the continued support of PNC, our advisors, and our partners over the last thirteen years. Our team is excited for the opportunity ahead as we look to deploy Fund IV and continue to grow and build Riverarch.”
– Riverarch founder and partner Michael Rost
