Law360, New York (May 16, 2012, 4:49 PM ET) -- Tennessee-based River Associates Investments LLC has closed its sixth and largest broad-spectrum investment fund at $222 million, giving the lower middle-market buyout specialist flexibility to go after slightly larger investments than it has in the past, a partner told Law360 Wednesday.
Since its founding in 1989, RAI has targeted companies with operating cash flow in the $3 million to $10 million range, but the new fund, River VI, “gives us the bandwidth to pursue investments at the top end of our range and do more add-ons...
River Associates Reaps $222M For Sixth Fund
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