Riverarch Equity Partners Announces $1.0 billion for Fourth Equity Fund and Rebranding.

Riverarch Equity Partners (“Riverarch”), formerly PNC Riverarch Capital, a private investment firm focused on investments in middle market companies, today announced the close of its latest private equity fund, Riverarch Equity Partners IV, with $1.0 billion in commitments. In addition to the support of its longtime partner, The PNC Financial Services Group, Fund IV includes participation from the Riverarch investment team, representing a commitment from the general partner of 4%.

“We are grateful for the continued support of PNC, our advisors, and our partners over the last thirteen years,” said Riverarch founder and partner, Michael Rost. “Our team is excited for the opportunity ahead as we look to deploy Fund IV and continue to grow and build Riverarch.”

Riverarch Equity Partners IV will continue the strategy of its predecessor funds, investing in established, high-quality middle market companies across value-added distribution, business services, and specialized manufacturing in North America and Europe with meaningful opportunities to accelerate growth and improve the profile of the business. While the brand has changed and the new fund is significantly larger than its predecessor, Riverarch’s approach will remain the same. Riverarch seeks to deploy $40 million to $100 million of capital per investment, with an ability to consummate larger deals through longstanding relationships with its co-investment partners.

Riverarch has already made four investments in Fund IV. Since its founding in 2011, the firm has made 34 platform investments and realized its investment in 21 of those companies.

Riverarch Equity Partners is a middle market private equity firm. Riverarch Equity Partners invests in market-leading companies where it can partner with management to support accelerated growth. Riverarch Equity Partners is based in Pittsburgh, Pennsylvania, and is the private equity affiliate of The PNC Financial Services Group.