Bow River Capital, a Denver-based alternative asset manager, has closed 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 benefitted from strong support from both existing and new investors.
Like its predecessor fund, Fund III will continue to invest in human capital-centric middle market businesses throughout the United States in industrial services, healthcare services, and business services, with a primary focus in the Rodeo Region. Bow River Capital targets majority partnerships with industry leading management teams operating critical outsourced services businesses in high-growth end markets.
Perkins Coie served as legal advisor to Bow River Capital in the formation of Fund III. The firm did not use a placement agent.
