Riverside Partners’ $532 Million Continuation Fund Fundraising

Choate represented Riverside Partners in the transaction.

Riverside Partners closed a new $532M Continuation Fund, led by funds advised by Neuberger Berman, a private, independent, employee-owned investment manager.

The Continuation Fund was formed to provide fresh capital for add-on acquisitions for the seven portfolio companies of Riverside Fund V, L.P. and more time to support their continued growth, as well as to offer liquidity to existing limited partners. The oversubscribed fund raise was launched and completed within six months.

Founded in 1989, Riverside Partners is a Boston-based middle market private equity firm currently investingRiverside Fund VI, L.P. The fund focuses on growth-oriented companies primarily in the healthcare andtechnology industries.

Choate represented Riverside Partners with Shaun Barnes (Picture), Timothy J. Becker, Alex Bossone, Laura Christy, Kimberley J. Kaplan-Gross, Sue Kim, Olivier Léger, Robert Linnoila, T.J. Murphy, Susan Yoon Parker, and Kevin M. Sarro.

Involved fees earner: Shaun Barnes – Choate; Timothy Becker – Choate; Alex Bossone – Choate; Laura Christy – Choate; Kimberley Kaplan-Gross – Choate; Sue Kim – Choate; Olivier Léger – Choate; Robert Linnoila – Choate; T.J. Murphy – Choate; Kevin Sarro – Choate; Susan Yoon Parker – Choate;

Law Firms: Choate;

Clients: Riverside Partners LLC;

Author: Martina Bellini