NEW YORK and CLEVELAND, Feb. 18, 2026 (GLOBE NEWSWIRE) -- 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.

"We are incredibly grateful for the confidence our new and returning investors have placed in us, and for the strong performance of the software companies we're privileged to support," said Riverside Managing Partner Jim Toth. "RAC was built on the belief that founders deserve a capital partner who values alignment, efficiency and disciplined growth. Reaching this milestone reflects the power of that approach, and the trust of investors who share our commitment to helping companies scale thoughtfully, with the right capital at the right time."

The RAC team is 16 team members strong, including Fund Manager Jim Toth, Senior Partners Jonathan Drillings and Christian Stein, Lead Operating Partner Jon Temple, Partners Zak Ray and Aakash Patel and COO Sarah Spencer. In addition to its dedicated investment and operating team ...