Riverside Australia Fund IV
Riverside Australia is the local arm of The Riverside Company, a global private equity firm founded in 1988 with more than three decades of experience investing in the lower mid-market. The Australian team was established in 2007 and focuses on control investments in growing companies across Australia and New Zealand, partnering with founders and management to accelerate expansion and operational improvement.
Riverside applies a hands-on investment approach, combining global resources, sector expertise and operational capabilities with local market knowledge. By leveraging Riverside’s worldwide network and in-house operating team, the firm supports portfolio companies in scaling domestically
Riverside Australia Fund IV is a 2023 vintage fund with A$300 million in investor commitments. The fund targets control buyouts of lower mid-market businesses across healthcare, software, consumer and business services, typically with enterprise values between A$50 million and A$200 million. RAF III focuses on companies with strong market positions and growth potential where Riverside can apply its operational expertise, international network and partnership approach to deliver sustainable growth and value creation.
Portfolio Companies
At investment in May 2023, Virtual IT Group was a managed IT services provider delivering outsourced technology solutions to small and medium-sized enterprises across Australia. The business had developed strong recurring revenues through managed services, cloud, cybersecurity and IT infrastructure support.
Riverside’s thesis is centred on capitalising on the structural trend of SMEs outsourcing IT functions, scaling the platform through organic growth and acquisitions and expanding service offerings in cybersecurity and cloud migration. Strategic priorities include building a national brand, strengthening leadership and improving systems integration to enhance scalability.
Virtual IT Group remains an active investment in Fund IV, positioned as a growing managed IT services platform with significant opportunities to consolidate a fragmented market.
At investment in June 2025, Dingo Software was a predictive maintenance and condition monitoring software company serving mining and industrial clients globally. The company is recognised for its proprietary software platform and expertise in extending asset life and improving operational efficiency.
Riverside’s thesis is focused on scaling Dingo’s SaaS business model, expanding into adjacent industrial sectors and driving international growth across North America, South America and Asia. Strategic initiatives include enhancing product innovation, expanding enterprise sales capability and investing in data analytics and AI to strengthen predictive insights.
