Riverside Partners Closes $532M Continuation Fund

Choate represented Riverside Partners in the closing of 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.