Denver-based Bow River Capital closed its third private equity fund recently at $590 million in capital commitments.
Bow River Private Equity Fund III will invest in human capital-centric middle market businesses across the U.S. with a primary focus in what it calls the “Rodeo Region” in the Western U.S. Sectors the team will focus on includes industrial services, healthcare service and business services.
“We are pleased by our limited partners’ support of Fund III and are excited to work with such a highly respected group of investors,” said Greg Hiatrides, managing director and head of Bow River Capital Private Equity. “Access to alternative asset investing is more readily available than ever and we are fortunate to have the trust of our limited partners.”
Officials said that the fund did not use a placement agent and received strong support from existing and new investors.
Bow River has remained busy, most recently, the Bow River Capital Software Growth Equity completed a majority recapitalization of Altvia with Marlin Equity Partners. Bow River will retain a minority stake in Altvia, according to the most recent AW Deal Watch.
Founded in 2003 by Blair Richardson, Bow River has roughly $2 billion in assets.