Riverarch Equity Partners closes on equity fund

Pittsburgh-based Riverarch Equity Partners, a private investment firm focused on investments in middle market companies, recently closed on its latest private equity fund, Riverarch Equity Partners IV, with $1 billion in commitments.

Riverarch Equity Partners IV will invest in established middle market companies in business services, distribution, and specialized manufacturing throughout North America and Europe.

Riverarch seeks to deploy between $40 million and $100 million of capital per investment. The firm will have the ability to create larger deals through longstanding relationships with its co-investment partners.

The PNC Financial Services Group represented a commitment of 4 percent.

“We are grateful for the continued support of PNC, our advisors, and our partners over the last thirteen years,” Riverarch founder and partner Michael Rost said. “Our team is excited for the opportunity ahead as we look to deploy Fund IV and continue to grow and build Riverarch.”

Riverarch has made four investments in Fund IV.

Founded in 2011, Riverarch has made 34 platform investments and realized its investment in 21 of those companies. It is a The PNC Financial Services Group private equity affiliate.

Riverarch Equity Partners invests in market-leading companies where it can partner with management to support accelerated growth.