The Riverside Company raises $418m

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The Riverside Company has raised $418 million for its Riverside Strategic Capital Fund I. The New York-headquartered firm began fundraising in 2013 with a $350 million target.

Investors that committed to Riverside Strategic Capital Fund I include the New Mexico Educational Retirement Board, Northwestern Mutual and Phoenix Life.

The fund will target non-control structured equity opportunities in a diverse number of sectors in North America.