The Riverside Co. has closed a micro-cap fund with $350 million in commitments during the best fundraising environment since 2008. 

As a small business investment company (SBIC), Riverside Micro-Cap Fund III will combine its $350 million with $150 million from the U.S. Small Business Administration for a $500 million fund. Mergers & Acquisitions reported in April that Riverside was raising the fund. 

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