Global investment firm The Riverside Company announced the final close of its Riverside Value Fund II (RVF II) at $750 million, more than doubling its predecessor RVF I, which closed at $350 million in June 2023. RVF II, launched in February 2025, was significantly oversubscribed and closed five months later.
RVF invests in North American businesses in growing end markets with potential for growth and operational transformation. It offers flexible capital to support businesses at critical inflection points across various industries, including business services, manufacturing, distribution, and financial services.
The RVF team works with management to drive aggressive growth plans. Leaders include Managing Partner Ron Sansom and Partners Andrew Fohrer and Craig Kahler. The team is based in Los Angeles and leverages Riverside’s global platform, including a 23-person origination team and over 50 operating professionals.
In the past year, RVF completed transactions exceeding $1 billion, including three platform investments, five add-on acquisitions, and one exit. The firm is expanding its partnership with Ownership Works, helping portfolio companies implement comprehensive employee equity plans, which have benefited over 1,100 employees to date.
KEY QUOTES:
“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. We’re fortunate to partner with investors who share our value-driven philosophy and our focus on operational excellence as a catalyst for sustainable growth.”
Riverside Managing Partner Sean Ozbolt
“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. RVF’s platform is built to identify these hidden gems, unlock overlooked value and work with management partners to implement hands-on operational strategies that accelerate both revenue and earnings growth.”
Riverside Co-CEO Stewart Kohl
“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. We’re thrilled so many LPs, both new and existing, in turn recognized the value of RVF. An oversubscribed fund is a testament to their faith in Riverside – and we’re honored to have those investors join us on this journey.”
Riverside Co-CEO Béla Szigethy
