The Riverside Company in 2021
I'm somewhat familiar with this shop and its model. Flagship fund (anyone know the size?) invests in LMM companies up to $400m w/ an emphasis on defensible niches, based in CLE. Does anyone have data regarding compensation and hours at the Associate level for buyout? I'm aware they also have value, growth, and credit funds. Is b-school required for VP promote? Carry? Thanks for the insights - other threads on them is quite dated.
Comp for first year associate all-in is ~$210k. They give you a small bonus if a deal you're on closes. They do a ton of add-ons, so expect to work a lot but also learn a lot.
Seems low compared to street. Am I missing something here?
No.
Seeing as it’s a lmm focused shop and you’re likely living in Cleveland or Dallas (sf is an option but heard they want direct ties), it is at the worst on par with what comparable funds would pay if not above
Do you know what their analyst comp is?
Does anyone have an idea of when Riverside starts to recruit for associate positions? Specifically their
Dallas office. Thanks!
I've heard they ggggrrriiiiinnnnnddddddd
Yeah there was an episode on the wso podcast with a vp there. he said they’re a volume shop so his hours when on deals were the same as banking m&a hours, and given the volume shop label, seems like you’re usually working on either a platform, add on, etc
Know 10+ people who’ve interned and work there. Pay is very low but the supposed benefit of working there is that you get a ton of reps as they do a ridiculous amount of add-ons. Additionally, the people that I know that work there are very nice and the culture seems to be solid but hours are unsurprisingly very long given their activity.
Could you PM me ?
I believe their flag ship fund, Riverside Capital Appreciation Fund VII ("RCAF") is $1.5bn (vintage 2019), which would make their RCAF fund flat - 2014 vintage was also $1.5bn. Maybe that's why they were so quiet about their latest raise. Also, I believe RCAF has moved up market a bit and would consider them MM as opposed to LMM. Have seen top performers promoted without MBA.
Can anyone comment on exit opportunities (is a lateral to a more major city doable?) and MBA placement?
Bump
Was able to get a FT offer but turned it down last year. Pay is definitely low (less than 150 TC as analyst) but like others mentioned the pure number of deals give very good experience.
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