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Riverwood Capitalhas close on $ 1.8 billion in young chapiter , the ontogenesis investment house announced today .
The firm last raise in 2020 , with full majuscule dedication of $ 1.4 billion at that time .
Riverwood ’s scheme is to gift in and indorse “ in high spirits - growth ” mid - size technology companies that are either profitable or with cocksure whole economics . The new capital will go mostly toward raw investment , saidJeff Parks , co - founder & managing partner of Riverwood Capital . The firm does not appropriate capital upfront in a fund for follow - ons .
However , Riverwood does plan to “ selectively ” invest more cap over time in its existing portfolio companies “ in case there is an opportunity for M&A , to speed up organic growth , or leave liquidity to some stockholder that might demand to sell , ” Parks say .
“ We reckon those options on a case - by - face basis , ” he total .
The firm ’s check size primarily range from $ 25 million to $ 100 million per company . Riverwood direct 20 to 30 companies per store cycle . So far , it has plunk for a few company out of its new monetary fund , including SpyCloud , Hyperproof , One Modeland Logcomex .
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Recently , portfolio companyForgeRock sold to Thoma Bravoin a deal that value that company at about $ 2.3 billion .
Focused on the growth stage
Riverwood describes itself exclusively as a growth - point investor .
“ The average gross at incoming of our investment is commonly in the tens of million , and our 75 + portfolio companies have develop their revenues at about 40 % per year on intermediate during the past tenner , ” saidFrancisco Alvarez - Demalde , co - founder & managing mate of Riverwood Capital .
While Riverwood endow globally , it is focused on back companies located in North America and Latin America with the absolute majority of its investments being in companies headquarter in the U.S. It has offices in Menlo Park , California; Miami , Florida ; New York , New York; and São Paulo , Brazil .
“ The engineering science opportunity in Latin America has been systematically expand during the retiring 15 years , and our portfolio company have been able to flourish their tax revenue at +50 % per yr on average during that period,”Alvarez - Demaldesaid . “ Tech investing in Latin America has been experiencing a correction , after the ‘ bloom ’ in capital flow experienced in 2021 . Despite the excitability in capital flows and global investor interest in the region , the chance to work up and extend technology businesses in Latin America has never been greater . ”
Looking forrader , part of Riverwood ’s playbook is to support the international elaboration of its portfolio company , include to Europe , Asia and other regions , ” he impart .
The firm ’s asset under management currently stand at $ 5.8 billion , not inclusive of the cap from its last close . Because it discloses AUM on a quarterly basis , the firm wo n’t have an updated number with the last investment trust near figure until after the fourth quarter . It claims to have reached $ 7.3 billion of value across all investments .
