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About RCS

Riverside Credit Solutions (RCS), a member of The Riverside Company’s family of funds, provides flexible cash flow-based financing solutions to both private equity sponsored and non-sponsored companies in the smaller end of the middle market.

The RCS team brings over 60 years of combined industry experience and deep client relationships, having invested over $3 billion of capital in private credit transactions through multiple cycles. 

Our streamlined investment process from a single point of contact coupled with our industry focus and capital markets expertise drive efficient deal execution.  RCS financing solutions support a wide range of transactions including Leveraged buyouts, Recapitalizations, Refinancings, Acquisitions, and Growth Capital.
  

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Products

  • Revolvers
  • First Lien Senior Secured Term Loans
  • Stretch Senior Term Loans
  • Unitranche Loans
  • First Lien Last Out Term Loans
  • Equity Co-Investments

Industry Focus

  • Business Services
  • Consumer Brands
  • Education & Training
  • Food & Beverage
  • Franchisors
  • Healthcare
  • Software & IT
  • Specialty Manufacturing & Distribution
  • Technology, Media
    and Telecom

Investment Criteria

Trusted financing provider with a streamlined investment process, delivering certainty of execution for our clients

Deal Team

The senior members of the RCS team have worked together over the past 15 years and developed a shared lending philosophy and a common approach to deal execution and portfolio management. 

The RCS team is well positioned to meet the changing needs of our private equity sponsors and management teams given our experience across a wide range of disciplines including originations, capital markets, underwriting and portfolio management.

The RCS deal team members are responsible for each investment from “origination to realization”.  We believe this provides a deeper understanding of the business strategy, the sponsor’s investment thesis and management team and allows RCS to better support and anticipate the needs of our portfolio companies.

Our Value Proposition

  • Exclusively focused on the smaller end of the middle market
  • Experienced investor through multiple credit cycles
  • Client-facing decision makers
  • "Origination to Realization” philosophy
  • Partnership approach
  • Efficient deal approval and execution
  • The Riverside Company’s 28 years of industry experience and established back office platform

RCS Leadership

Dave Dobies

Managing Partner Investment Committee +1 617 571 6638 Download vCard

Dave Dobies is the Managing Partner of Riverside Credit Solutions. 

Dave's previous experience includes joining TCW Direct Lending group as a Managing Director in 2014 , responsible for the origination, due diligence review, structuring, execution of new investments, and ongoing management of portfolio companies. Prior to joining TCW, and starting in 2004, Mr. Dobies was a founding partner, member of the management committee, and Co-Head of Middle Market Leveraged Finance at NewStar Financial, Inc. From 1995 to 2004, Mr. Dobies served in various capacities of increasing responsibility at FleetBoston Financial Corporation and its predecessor institutions, where he was responsible for managing the Media, Entertainment, and Sports Finance syndication businesses. He began his career in 1987 as a Financial Analyst at Morgan Stanley & Co. Incorporated. 

Mr. Dobies received a BSBA in Finance from Villanova University and an MBA from the Simon Business School at the University of Rochester.


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David Kilpatrick

Partner Investment Committee +1 617 645 8874 Download vCard

Mr. David Kilpatrick is a Partner at Riverside Credit Solutions, and together with Mr. David Dobies and Mr. Tom Gillis oversees all aspects of the Riverside Credit Solutions platform. 

Prior to joining RCS in 2016, he was a Director in the Leveraged Finance division of Citizens Financial Group, where he was responsible for underwriting, executing and managing senior secured debt facilities supporting private equity-backed companies as well as publicly traded businesses. Prior to Citizens, Mr. Kilpatrick was a Director at NewStar Financial, Inc., a specialty finance company, where he originated and underwrote senior secured credit facilities for private equity-backed leverage buyouts, acquisitions and recapitalizations across a wide range of industries. Prior to NewStar, Mr. Kilpatrick spent three years at Citigroup and more than six years with Bank of America and predecessor institutions (FleetBoston and Fleet Bank) focused on underwriting and executing senior debt financings in the sports and entertainment industry as well as managing the portfolio. 

Mr. Kilpatrick received his BA from Harvard University with a concentration in Economics. 


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Tom Gillis

Partner Investment Committee +1 617 733 1435 Download vCard

Tom Gillis is a Partner with Riverside Credit Solutions. Previously Tom was Managing Director in the Sponsor Finance division of Silicon Valley Bank with a focus on originating and executing debt financing to companies in the Healthcare and Technology sectors.

Tom has over 15 years of experience financing middle market companies. He was a Director at NewStar Financial, a specialty finance company located in Boston with over $3 billion in lending capacity. Tom was a senior originator focused on sourcing and underwriting senior secured debt investments for private equity-backed companies in the Middle Market. Prior to NewStar, Tom spent over 6 years with Bank of America and FleetBoston focused on executing direct equity and mezzanine debt investment opportunities in the middle market across a variety of sectors. 

Tom holds an MBA/MSF from the Boston College Carroll School of Management and a B.S. from St. Michael’s College.

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Pam Hendrickson

COO & Vice Chairman, Strategic Initiatives Investment Committee

Pam Hendrickson serves two key roles at The Riverside Company. As COO, she manages a number of teams, including deal origination and fundraising, and as Vice Chairman she oversees the development of new initiatives and supervises the Riverside Strategic Capital Fund and Riverside Credit Solutions. Ms. Hendrickson also sits on the global Riverside Investment Council, which considers investments in Riverside’s various fund strategies. Since her arrival in 2006, Riverside has invested in more than 200 companies and raised roughly $4 billion. She has also been a tireless advocate for diverse perspectives and private equity through Congressional testimony, television interviews, various interviews and op-eds that she has written.

Ms. Hendrickson is a past Chairman of the Board of the Association for Corporate Growth, a 14,500-member worldwide organization made up of the middle market deal-making ecosystem (private equity, investment banking, legal, accounting, etc.). She is also a member of the advisory board of the Kenan Institute for Ethics at Duke University. Prior to joining Riverside, she spent 22 years at J.P. Morgan Chase, 15 of them as a Managing Director in a variety of leadership roles. Ms. Hendrickson graduated from Duke University in 1982 with an AB in Public Policy and History and has an MBA from the Kellogg Graduate School of Management at Northwestern University.


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Michael Hermsen

Strategic Initiatives Executive Investment Committee

Michael Hermsen works on a variety of investment strategies for Riverside. He joined Riverside in 2015 following a long career with Babson Capital. His most recent role at Babson was as CEO. Prior to that, he was the Head of Global Private Finance and Managing Director. Before starting at Babson, Hermsen was a Director at TIAA-CREF. Hermsen earned his MBA in finance from Columbia Business School and his BA in English from Bowdoin College. 


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News Releases

Riverside Exits G&H

The Riverside Company has sold G&H Orthodontics (G&H) of Franklin, Indiana to Altaris Capital Partners.  G&H designs, manufactures, and distributes clinical orthodontia products.
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Riverside Flags Down Another Add-On For AWP

The Riverside Company completed the add-on of FlagPros to its Area Wide Protective (AWP) platform. Nashville-based FlagPros is a leading provider of outsourced traffic management solutions for utilities, construction companies and other customers in Tennessee and Kentucky. 

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Riverside Upgrades Fadata With Software Add-on

The Riverside Company has agreed to invest in Impeo Software GmbH (Impeo) as an add-on to Fadata, its London-based provider of insurance software. Based in Munich, Impeo develops software and provides IT consulting for insurance and financial institutions. 

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Contact Us

If you would like to learn more about Riverside Credit Solutions' middle market capabilities or would like to discuss new investment opportunities, please contact one of our senior investment professionals.

Office Location

800 Boylston Street

Suite 1600

Boston, Massachusetts 02199

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