River Cities hits $200m hard cap for fifth fund


dollar 20_sqGrowth capital investor River Cities Capital Funds has reportedly closed its largest ever fund.

The fund has raised $200m, beating its $150m target, according to Dow Jones. The cincinnati-based firm closed its previous fund on $120m in March 2008.

River Cities Capital Fund V will focus on information technology and healthcare companies.

The firm’s recent deals include the sale of wound treatment operator Accelecare Wound Centers for $70m.

River Cities’ other investees include cloud-based document management company KnowledgeTree and devices, diagnostics, infection control and imaging provider EndoChoice.

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