Riverside closes new $50 million fund lending to high-growth software companies

Story excerpt provided by Crain’s Cleveland Business.

Written by Jeremy Nobile.

The Riverside Co. has closed fundraising on its first growth lending fund, signaling a new way for the private equity firm to invest in growing businesses.

Riverside Acceleration Capital will focus specifically on fast-growing enterprise software companies. The fund provides loans to those businesses to accelerate their growth in their early years of development with flexible, non-dilutive capital — something the market is apparently quite keen to as the fund closed quickly and even drew some new investors to Riverside.

Click here to read the complete article.

Originally published October 4, 2016.

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