Twitter LinkedIn
    Monday, May 23
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Funds»Riverside Partners Closes $532 Million Continuation Fund, Led by Neuberger Berman
    Funds

    Riverside Partners Closes $532 Million Continuation Fund, Led by Neuberger Berman

    March 25, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Riverside Partners, a Boston-based, middle market private equity firm, announced the closing of a new Continuation Fund, led by funds advised by Neuberger Berman, a private, independent, employee-owned investment manager.

    The Continuation Fund and related vehicles are comprised of $532 million in capital commitments.  The Continuation Fund was formed to provide fresh capital for add-on acquisitions for the seven portfolio companies of Riverside Fund V, L.P. (Fund V) and more time to support their continued growth, as well as to offer liquidity to existing limited partners. The fund raise was oversubscribed, and it was launched and completed within six months. All existing investors in Riverside Fund V were provided a choice to receive liquidity or continue their investment, including a status quo option.

    “We are excited to complete the Continuation Fund for Riverside Fund V, which will provide us with additional capital and time to continue pursuing growth opportunities for the portfolio as we seek to generate additional returns for our investors,” said David Belluck, a General Partner of Riverside Partners.

    Read More

    Source: Cision PR Newswire

     

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Fund PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Vista Equity Partners Among the First Major U.S. Private Equity Firms to Advance Global ESG Strategy with Portfolio-Wide Participation in Climate Program

    May 23, 2022

    General Atlantic eyeing $2 bn investment in India, SE Asia

    May 23, 2022

    Software firm SpotOn valued at $3.6bn after Dragoneer-led funding round

    May 23, 2022

    Blackstone Credit Acquires 49% Interest in U.S. East Coast LNG Infrastructure Asset

    May 23, 2022

    Comments are closed.

    Other Articles

    How Blue Owl’s $12.5B SPAC Deal Could Shape The Future Of Private Equity

    May 24, 2021

    Private equity firm’s £543m deal for stake in Liverpool

    April 1, 2021

    KKR-backed SPAC raises $1.2 billion in U.S. IPO

    March 18, 2021

    Philippines’ Voyager raises $167M from KKR, Tencent

    June 28, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?