New Bow River Capital Evergreen Fund Crosses $100 million in Assets Under Management

Bow River Capital, a Denver-based private alternative asset management company, is pleased to announce that its recently launched Evergreen Fund has exceeded $100 million in assets after less than a year of operations. The Fund was launched in May 2020 and in a single investment presents a unique opportunity to access institutional-quality private equity investments, with broad exposure and low investment minimums.

“The Evergreen Fund brings our specialized knowledge and private market experience to a wider investor base, many of whom historically have had difficulty accessing the asset class,” said Jeremy Held, Managing Director at Bow River Capital. “The concept has really resonated with our clients. We believe the combination of access to private equity investments, along with the shareholder-friendly features of a registered fund, will continue to attract interest from investors and the advisors who serve them.”

The Fund accepts $50,000 minimum subscriptions on a monthly basis from accredited investors and unlike traditional private equity funds that invest capital over a period of months or years, subscriptions into the Evergreen Fund are immediately invested. Beyond providing a solution for individuals who historically haven’t had access to private equity, the evergreen nature of the Fund provides investors with a better tool to customize their overall exposure to the asset class.

Since inception the Fund has executed more than 25 transactions in the private equity and private credit sector, providing exposure to hundreds of underlying companies and a broad range of private equity sponsors.

“Our investor base has been looking for a solution that leverages our private equity expertise in a vehicle with more liquidity and diversification than a typical private equity fund,” said Bow River Capital President Rich Wham.

Investors have also been attracted to the Fund’s flexible investment mandate which invests directly into middle market companies and private equity secondaries. This unique combination has yielded strong early returns for the Fund’s investors – as of March 31, 2021 the Fund has returned 27.1% since inception on May 22, 2020.

“We are pleased with how the portfolio has developed since the Fund’s launch last year,” said Held. “While early performance has largely been driven by our ability to transact in the less efficient segments of the secondary market, we are most excited about the potential for our direct investments, the majority of which are still held at cost in the portfolio.”

Bow River Capital has developed a successful private equity track record with nearly two decades of experience underwriting and investing in private companies. In addition, Bow River’s investment team has extensive experience managing both evergreen private equity strategies and registered funds. To complement Bow River’s team, the Fund has partnered with Aksia, a leading global private equity consulting firm that brings institutional-quality sourcing and research capabilities.