PRINT THIS PAGE US Riverside exceeds target with $750m final close09/02/2004. Source: AltAssets. 
 US private equity firm, Riverside Company, has announced a final close on its fourth fund with $750m in commitments. The 2003 Riverside Capital Appreciation Fund was launched in June last year and was originally targeting $600m.
Investors in the fund include the State of Oregon, Credit Suisse First Boston, TIAA-CREF, Massachusetts Mutual Life Insurance Company, Liberty Mutual Group, NIB Capital, Stanford University, Allianz Private Equity Partners and Northwestern Mutual.
'We are very fortunate to have had the confidence and support of our existing investors as well as many potential investors who took the time to get to know us in advance of the fundraising process,' said Bela Szigethy, managing general partner of Riverside. 'We view this high level of interest as a testament to our returns, investment philosophy and steady team that has had very little turnover.'
Riverside currently manages in the region of $1.3bn. The firm has already completed three transactions this year including the acquisition of Northwest Economic Associates last week.
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