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Adviser Profile

As of Date 03/19/2024
Adviser Type - Large advisory firm
Number of Employees 27 3.85%
of those in investment advisory functions 20 5.26%
Registration SEC, Approved, 2/23/2012
AUM* 956,455,958 -6.51%
of that, discretionary 956,455,958 -6.51%
Private Fund GAV* 956,455,958 -6.51%
Avg Account Size 159,409,326 55.81%
SMA’s No
Private Funds 6 4
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 926M 771M 617M 463M 309M 154M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count6 GAV$956,455,958

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Brochure Summary

Overview

Riverside Partners, LLC (“Riverside”) is an SEC-registered investment adviser with its principal place of business in Boston, Massachusetts. We have been in business since 1989. The firm’s registration with the SEC does not imply any particular level of skill or training by our firm or employees or that the SEC has endorsed our respective qualifications to provide investment advisory services. David Belluck is the firm’s sole equity owner and managing member. Riverside provides investment management services to Private Equity Funds and certain parallel co-investors (hereinafter collectively, "the Funds"). Unlike other types of private funds, such as hedge funds, private equity funds receive unfunded capital commitments from investors during one or more initial fundraising stages, after which the funds are generally closed to new investors. The fund manager will then call on investors to make capital infusions (each a “drawdown”), based on their commitments, to support the fund’s investments once those investments have been identified and fully vetted through an extensive due diligence and negotiation process. Investments made for the Funds are generally, but not exclusively, in private, illiquid securities. Riverside specializes in managing Private Equity Fund investments in growing middle market healthcare and technology oriented companies. Our specialization enables us to play a decisive role in portfolio company management and operations while maintaining perspective on valuations, financing parameters and exit/liquidation potential. For each Fund, Riverside performs in-depth due diligence regarding investments, structures and prices of prospective portfolio companies and add-on acquisitions to portfolio companies, works closely with portfolio companies to provide strategic, operating, marketing and financial advice and identifies multiple exit options prior to an initial investment. Riverside’s PRIVATE EQUITY FUNDS:
• Riverside Fund VI-A, L.P. (“Fund VI-A”), vintage year: 2018
• Riverside Fund VI-B, L.P. (“Fund VI-B”), vintage year: 2018
• Riverside Fund V SQ-A, L.P. (“Fund V SQ-A”), vintage year: 2021
• Riverside Fund V SQ-B, L.P. (“Fund V SQ-B”), vintage year: 2021
• Riverside Fund V CF-A, L.P. (“Fund V CF-A”), vintage year: 2021
• Riverside Fund V CF-B, L.P.
(“Fund V CF-B”), vintage year: 2021 Each of the Riverside Private Equity Funds are managed using a similar investment strategy and will generally have similar risk profiles. Riverside leverages its extensive industry knowledge and contacts to identify investment opportunities for the Funds. The investment objective of the Funds is to seek long-term capital appreciation over the course of each Fund’s term, generally ten years from the final closing, subject to limited extensions at the discretion of the General Partner to permit the orderly liquidation of a Fund. We seek to invest the Funds’ assets primarily in the equity securities of companies with strong, identifiable franchises and capable management with a view toward building them through expansion in their core areas and/or acquisition. Investment positions range from majority control for most of our investments to minority positions in which one or more of the Funds invests alone, with appropriate down-side controls, or as a member of a consortium of other qualified co- investors. Riverside mostly sources investment opportunities directly, but may also utilize affiliated and unaffiliated third parties, including traditional investment banks, brokers, and placement agents. The Funds are not required to register under the Securities Act of 1933 or the Investment Company Act of 1940 in reliance upon certain exemptions available to issuers whose securities are not publicly offered. We manage the Funds on a discretionary basis in accordance with the terms and conditions of each Fund's offering and organizational documents. ASSETS: As of December 31, 2023, Riverside had $956,455,958 in discretionary assets under management. Riverside does not manage any assets on a non-discretionary basis. IMPORTANT ADDITIONAL CONSIDERATIONS: The information provided herein merely summarizes the detailed information provided in each Fund’s offering and organizational documents. Certain of the Funds are closed and are not admitting new investors. Current Fund investors and prospective investors in any new Fund launched by Riverside should be aware of the substantial risks associated with investment as well as the terms applicable to such investment. This and other detailed information is provided in the appropriate Fund offering and organizational documents.