Building on a banner 2012, the Riverside Co. continued the momentum in 2013 and raised the biggest fund in the firm's 25-year history. The impressive performance earned Riverside our Private Equity Firm of the Year award for 2012, with co-CEOs Stewart Kohl and Béla Szigethy winning our Dealmakers of the Year award for 2013. (Watch the our video interview with Kohl below or click here.)
Szigethy founded the firm in 1988 and named it after New York City's Riverside Drive, where he lived in an apartment. Capitalized with $150,000, of which only $30,000 was cash, the firm's early investors were friends, family members and a few co-investors. With such a small amount of capital at its disposal, the fledgling firm was limited to backing small companies.