Bow River Capital, a Denver-based alternative asset manager, has acquired the asset-based financing business of Dallas-based Park Cities Asset Management, an asset manager focused on providing capital solutions to the lower middle market.
The acquisition expands Bow River’s capabilities in private credit with the addition of a 12-person team and strategy focused on originating privately negotiated, non-traded loans typically with 2-3 year terms, targeting attractive yields in asset-based finance.
Founded in 2018 by J Andrew Thomas and Alex Dunev, Park Cities provides flexible, secured financing solutions across the capital structure to lower middle market companies across a variety of sectors.
Since its founding, Park Cities has deployed more than $2bn across more than 50 portfolio companies and distributed over $150m to investors.
