Menlo Park, Calif.-based Riverwood Capital is a leading growth stage private equity firm that focuses on companies in technology and tech-related service industries seeking capital to achieve growth and profitability on a global scale. Founded in 2008 by executives from NYC-based private equity firm Kohlberg Kravis Roberts and Citigroup, the firm has raised over $2 billion in capital commitments.
Riverwood seeks to target companies with large market opportunities and proven business models, with particular emphasis on North America, Latin America and other select emerging markets. The firm’s investment size typically ranges from $25 million to $125 million in tech segments such as B2B software, consumer electronics, IT & telecom infrastructure and hardware and semiconductors.
Riverwood’s long-term partnership-driven approach offers potential opportunity types including growth equity financings, divisional carve-outs, industry roll-ups and buyout transactions. Its portfolio includes companies such cloud computing software company Nutanix, Brazilian e-commerce sporting goods conglomerate Netshoes, and Buenos Aires-based telecommunications company Gigared.
In 2014, Riverwood closed its second fund on its $1.25 billion hard cap. The firm’s debut fund closed on $780 million in 2011 after it cut back its original target of $1.5 billion in 2009 during the Financial Crisis. The firm’s vintage fund has generated a net IRR of 25% and a 1.9x multiple as of March 31st, according to performance information from the California Public Employees’ Retirement System.