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.