The Riverside Company, a US-based global investment firm focused on lower middle market investments, has announced the final close of its Riverside Value Fund II (RVF II), reaching its hard cap of $750 million.
The fund was significantly oversubscribed and closed at more than twice the size of its predecessor, RVF I, which closed at $350 million in June 2023. RVF II concluded fundraising five months after its launch in February 2025.
RVF II targets lower middle market businesses across North America that operate in resilient and expanding sectors.
The fund invests in companies undergoing transitional phases or positioned for operational change, and aims to support them through tailored capital solutions and active operational involvement.
Current portfolio companies span sectors such as business services, specialty manufacturing, distribution, and financial services.
The RVF investment team is led by Managing Partner Sean Ozbolt, alongside Managing Partner Ron Sansom and Partners Andrew Fohrer and Craig Kahler.
The team operates from Los Angeles and collaborates closely with Riverside’s broader platform, including a 23-person origination group and over 50 operating professionals.
In the past year, the RVF team executed transactions involving more than $1 billion in enterprise value. These included three new platform investments, five add-on acquisitions, and one exit.
The team continues to implement employee ownership plans in partnership with Ownership Works. To date, more than 1,100 employees of RVF portfolio companies have received equity stakes.
The Riverside Company positions RVF to focus on companies facing transitional challenges such as corporate carve-outs, leadership changes, or succession issues in family-owned firms.
The fund strategy includes identifying underutilized opportunities and collaborating with management teams to improve operational and financial performance.
Founded in 1988, the Riverside Company has completed over 1,000 investments globally. Its private equity and flexible capital portfolios currently include more than 140 companies.
The firm continues to focus on the lower end of the middle market, offering capital and strategic support to drive long-term growth.