Bow River Capital raises $590 million for its third private equity fund
DENVER, August 4, 2022 /PRNewswire/ — Bow River Capital, a denver-a New York-based alternative asset manager, announced the successful closing of its third private equity fund, Bow River Private Equity Fund III LP (Fund III), at $590 million. The fund was oversubscribed, exceeding its target of $500 million. Fund III has received strong support from existing and new investors.
“We are delighted with the support of our sponsors for Fund III and we are delighted to work with such a respected group of investors. Access to investing in alternative assets is more readily available than ever and we are fortunate to have the confidence of our sponsors,” said Greg HiatrideManaging Director and Head of Bow River Capital Private Equity.
Like its predecessor, Fund III will continue to invest in human capital-focused middle-market companies throughout United States in industrial services, healthcare services and business services, with a particular focus on the Rodeo region. Bow River Capital targets majority partnerships with leading management teams operating critical outsourced services businesses in high-growth end markets.
Coie Perkins was legal counsel to Bow River Capital on the creation of Fund III. The company did not use a placement agent.
About Bow River Capital
Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower middle market across three asset classes: private equity, real estate and software growth capital. In addition to its three private fund platforms, the firm manages the Bow River Capital Evergreen Fund (EVERX), which provides institutional-grade private market access to a wider range of investors. Collectively, the Bow River Capital team has deployed capital across various industries, asset classes and across the capital structure.
Bow River Capital Evergreen Fund is distributed by Foreside Financial Services, LLC, which is not affiliated with Bow River Capital or its affiliates.
SOURCE Bow River Capital