Riverarch Equity Partners Closes Fund IV at $1 Billion; PNC Among Investors

Riverarch Equity Partners, the private equity affiliate of The PNC Financial Services Group, has successfully closed its latest fund, Fund IV, at an impressive $1 billion. The fund's investors notably include The PNC Financial Services Group, a longstanding partner of Riverarch. Led by founder and Partner Michael Rost, Riverarch expressed gratitude for the enduring support from PNC, advisors, and partners spanning over thirteen years.

Fund IV is poised to target middle-market companies within the distribution, business services, and specialized manufacturing sectors across North America and Europe. With a commitment to strategic investments, Riverarch plans to deploy between $40 million to $100 million of capital per investment. Notably, the firm has already initiated four investments under Fund IV.

Established in 2011 and headquartered in Pittsburgh, Riverarch has solidified its position as a key player in the private equity landscape, leveraging its partnership with PNC Financial Services Group to drive growth and expansion opportunities.