Private equity firm the Riverside Co. has completed fundraising for its first non-control investment fund, Riverside Strategic Capital Fund (RSCF). The fund received approximately $418 million in total capital.

RSCF’s strategy is aimed at benefiting business owners and entrepreneurs who need capital for acquisition financing, liquidity events, organic growth initiatives and recapitalizations but do not want to sell a controlling stake. The fund targets growing companies with more than $5 million of Ebitda.

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