Riverside Partners

Riverside Partners, LLC

Type	Private Partnership
Industry	Financial Services
Founded	1989 (1989)
Headquarters	Boston, Massachusetts, U.S.
Products	Private equity Mezzanine capital funds
AUM	US$700 mil (December 2011)
Website	www.riversidepartners.com

Riverside Partners is an American investment firm, specializing in private equity, based in Boston. Riverside Partners develops and manages private equity investment products in middle market healthcare and technology companies. Founded in 1989, Riverside Partners has managed more than $700 million in investments in over 55 companies. The firm is currently focused on companies with revenues between $20 –$200 million and with $5 – $25 million of EBITDA.^[1]

Investment funds

Between 1988 and 2011, Riverside Partners has developed five funds investing more than $1 billion in targeted healthcare technology companies.

• Riverside Fund I, LP (closed)
• Riverside Fund II, LP (closed)
• Riverside Fund III, LP (closed)
• Riverside Fund IV, LP (closed) – $406,000,000^[2]
• Riverside Fund V, LP (closed) - $561,000,000^[3]

Investments

Riverside Partners’ investments in medical device, software and technology companies include more than a dozen current engagement and nine closed sales.

• Applied Precision (acquired)
• Barrier Safe Solutions International (acquired)
• Cushcraft (acquired)
• MicroCal (acquired)
• MicroDental (acquired)
• Quantum Medical Imaging (acquired)
• Rudolph Technologies, Inc. (IPO)
• Vocollect (acquired)
• Dominion Diagnostics
• Eliassen
• GEM Engineering
• Health Drive
• IPA
• ITC Global
• Max Vision
• NDS Surgical Imaging
• Pilgrim Software
• Real Goods Solar
• Tech Valley Communications
• Tegra Medical
• Thinklogical
• Weblocalize

Key employees

• David Belluck, General Partner
• Brian Guthrie, General Partner
• John Lemelman, General Partner
• Ian Blasco, General Partner
• Steve Kaplan, General Partner
• Kevin Sullivan, Chief Financial Officer

References

External links

• Company website

Private equity and venture capital
Basic investment types	Buyout Venture Mezzanine Growth Secondaries Equity co-investment
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Terms and concepts	Buyout Financial sponsor Management buyout Divisional buyout Buy–sell agreement Leveraged recapitalization Dividend recapitalization Venture Angel investor Business incubator Post-money valuation Pre-money valuation Seed money Startup company Venture capital financing Venture debt Venture round Structure Private equity firms and funds Limited partnership Limited liability company Carried interest Management fee Publicly traded private equity Business Development Company Venture capital trust Private investment in public equity (PIPE) Pledge fund
Investors	Corporations Institutional investors Pension funds Insurance companies Fund of funds Endowments Foundations Investment banks Merchant banks Commercial banks High-net-worth individuals Family offices Sovereign wealth funds Crowdfunding
Related financial terms	AUM Cap table Capital call Capital commitment Capital structure Distribution waterfall EBITDA Envy ratio High-yield debt IPO IRR Leverage Liquidation preference M&A PME Taxation of private equity and hedge funds Undercapitalization Vintage year
Private equity and venture capital investors Private equity firms Venture capital firms Angel investors Portfolio companies