The Riverside Company, a global investment firm focused on the smaller end of the middle market, announced the successful final close of its Riverside Acceleration Capital Growth Lending Fund III (RAC GL III) at its hard cap of $200 million. Its predecessor fund, RAC Growth Lending II, held a final close in July 2019 at $177 million.

RAC GL III seeks to provide growth loans to help enterprise software companies scale. Over its 10-year history, the Riverside Acceleration Capital strategy (RAC) has invested over $225 million across 90+ companies. RAC GL III is over 20 percent deployed across 18 investments and has already generated one exit in just four months.

Read full press release here.