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Riviera Capital
Riviera Capital invests alongside entrepreneurial leaders who seek to accelerate the growth of business service companies with proven and differentiated...
Overview
Riviera Capital invests alongside entrepreneurial leaders who seek to accelerate the growth of business service companies with proven and differentiated business characteristics. They form true partnerships to preserve existing legacies while creating enterprise value. They take a unique and flexible approach to value creation in the lower middle market, shaped by experience as entrepreneurs, operators, and investors.
General information
Firm type
Private Equity
Year founded
2018
Location
Region
North America
Country
United States
City
New Port Beach
Corporate office
Newport Beach, CA, United States
Sector focus
Frequently asked questions
How did Riviera Capital's principals build their expertise in search funds?
The partners have a 20-plus-year history together. They started their careers at Fortune 500 companies and later founded a venture-funded startup before becoming self-funded searchers, operators, and investors. Since 2003, they have been active in entrepreneurship through acquisition and the search fund model. That operating background is central to their claim that they understand the ripple effect of key decisions on management teams and company culture.
Where does Riviera Capital's investment capital come from?
The firm's website states that it invests 'committed capital from large family offices' (per firm website, undated). The identities of those family offices are not publicly disclosed. It does not report raising capital from institutional limited partners through a traditional commingled fund structure.
Is Riviera Capital a fund or a permanent capital vehicle?
Riviera Capital is structured as a permanent capital vehicle underpinned by family-office commitments, not a blind-pool drawdown fund. The firm describes forming long-term partnerships with entrepreneurial leaders, aligning with the indefinite hold periods typical of permanent capital rather than a fund's mandated exit timeline. This structure lets them remain engaged alongside operators without a fixed liquidation horizon.
What size companies does Riviera Capital target?
The firm looks for acquisition targets with $5 million to $30 million in revenue and a strong base of recurring revenue. It requires $1 million to $5 million in EBITDA at minimum 20% margins, and a track record of at least three years of double-digit growth. The primary focus is business services companies with clear opportunities to scale (per firm website).
How is Riviera Capital compensated, and what are the economics for its searchers?
Riviera Capital does not publicly disclose its carried interest or management fee structure, nor does it publish standard searcher equity splits. Its model centers on partnership alignment and ESG commitments, but detailed economic terms are not available in any public source.
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