Employee rosters at nine publicly traded private equity firms continued to grow in 2023, but at a slower pace than the previous year, according to an analysis of 10-K filings by Private Equity Career News.
The nine companies added 1,813 employees last year, to reach 20,146 total, for a 10 percent increase. By contrast, in 2022 those same nine companies recorded a 19 percent increase in combined employee count, as reported for a story last year. Participating companies do not typically break out organic hiring versus employees added via acquisition.
The Riverside Company—owner and steward to more than 100 companies located around the world—seeks a vice president to join its Boston-based credit arm. More details follow:
The Strategy: The Riverside Acceleration Capital team makes two kinds of investments in B2B software companies. RAC Royalty provides expansion capital in the form of non-dilutive, royalty investments. It backs companies that typically generate at least $2 million in recurring revenue from a software-as-a-service, or SaaS, business model. RAC Equity makes minority, preferred equity investments in larger, fast-growing SaaS companies generating revenue of $5 million to $50 million.