The Riverside Company Promotes Two To Partner

Mar 23 2017 | 7:11pm ET

Global private equity firm The Riverside Company has promoted two of its investment executives, Joe Manning and Steven Spiteri, to partner.

Manning works out of the firm’s Cleveland office, while Spiteri operates out of Riverside’s Melbourne, Australia office, the company said in a statement. 

Manning first joined Riverside in 2006 and rejoined in 2011 after taking several years off to work at an international non-profit development firm and attend graduate school. He is the current lead on three platform investments, and has played a key role on a number of successful exited investments, Riverside said. He also leads the firm’s software and IT specialization efforts. 

“We have extraordinarily high standards for our partners, and we’re excited to welcome Joe into this elite group,” said Riverside managing partner Loren Schlachet. “He has proven himself to be a savvy investor and someone who does the hard work required to keep companies growing and thriving.”

Spiteri, meanwhile, joined Riverside in 2010 after working at Hastings Private Equity and KPMG Corporate Finance. He serves as one of the lead investors on four current platform investments.

“Steven has been an incredible asset for our team,” said Riverside managing partner Simon Feiglin. “He has a keen understanding of the Asia-Pacific market and he’s a deeply talented investment professional. We’re grateful to have him.”

Founded in 1988, Riverside has more than 20 transacting partners globally focused on making control and non-control investments in growing businesses valued at up to $400 million. Since inception, Riverside has invested in more than 460 transactions and its portfolio currently includes more than 80 companies.

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