Andrew Strauss, co-manager of The Riverside Company's flagship US funds, is relinquishing his position to focus on deal-doing as the the firm's senior transactions partner for the four Riverside Capital Appreciation Funds totaling about $1.3 billion (€922 million).
Riverside said in a statement the move will allow Strauss “to do what he really loves – creatively transacting and managing our investments”. Strauss was appointed to co-manage the RCAF in 2006 after eight years at Riverside.
Riverside’s co-chief executive officer Béla Szigethy said in the statement the firm was disappointed “but we respect his decision and appreciate the results he’s achieved during his time in the role”.
Partner Suzy Kriscunas will take over Strauss’ role, co-managing the group of four funds with David Gordon. The latest RCAF closed on $750 million in January 2004. Its predecessors closed in 1995, 1998 and 2000 on $35 million, $107 million and $413 million respectively.
Kriscunas joined Riverside six years ago, and helped to launch the firm's Dallas office. Before, she worked in the merchant banking group of Banc One Capital Corporation.