RED BANK, NJ, June 30, 2008 – Rosemont Investment Partners, LLC (“Rosemont”) is pleased to announce that it has partnered with the management of Riverview Alternative Investment Advisors LLC (“Riverview” or the “Company”) to purchase Nationwide Mutual Insurance Company’s (“Nationwide”) majority interest in the Company. Riverview will now be majority owned by its management team and minority owned by Rosemont, a private equity boutique focused exclusively on making investments in asset management companies.

Riverview is a $1.5 billion fund of hedge funds with strong long-term track records in market neutral, broadly diversified and directional hedge fund strategies. Founded in 1999, Riverview sold to Gartmore (then a Nationwide subsidiary) in 2002. Nationwide will remain a significant client of Riverview. Riverview’s management team and staff will remain in place and continue to operate independently out of Red Bank, NJ.

Steve Turi, Riverview’s co-founder and Managing Partner, commented on the strength of the Nationwide relationship and the appeal of the buyout to his partners and clients: “This is a natural move for us and for Nationwide.  We wanted a management buyout, because we believe it will create a seamless transition for clients. We are excited to partner with Rosemont, which brings a wealth of experience to us, and to continue our strong client relationship with Nationwide. This transaction aligns the interests of all our constituents and enables Riverview to continue to focus on performance”. Genie Logue, a Principal of Rosemont, noted: “Riverview is Rosemont’s fifteenth asset management investment and the firm’s first investment in the alternative asset management arena.  We couldn’t be more pleased to partner with such a strong and experienced management team. They have a disciplined, research-intensive investment process that has produced superior service and performance over time. We look forward to supporting their growth initiatives and working with Steve and his colleagues”.

Terms of the transaction were not disclosed.

About Riverview Alternative Investment Advisors LLC

Riverview Alternative Investment Advisors LLC is a fund of hedge funds manager founded in 1999. It serves institutional investors and private wealth management organizations. The Company is a Registered Investment Adviser, regulated by the US Securities and Exchange Commission. Riverview has 22 employees and is headquartered in Red Bank, NJ. For more information, please visit

About Rosemont Investment Partners, LLC

Rosemont Investment Partners, LLC is a private equity firm focused exclusively on making investments in asset managers. Rosemont was formed in May 2000 to provide capital to fund management buyouts, recapitalizations and selected start-ups in the asset management industry. In addition to providing capital, the principals of Rosemont assist management in growing their companies by leveraging their decades of experience in advising and nurturing asset management businesses.