BOW RIVER CAPITAL
BOW RIVER CAPITAL is a Seed, Series C+, lower-middle-market, buyout, private-equity, real-estate, private-credit, software-growth-equity and secondary fund in the US, mountain-states and southwest-states investing in industrial-services, healthcare-services, tech-enabled-business-services, vertical-saas, human-capital-management-saas, light-industrial-real-estate and opportunistic-residential-real-estate.
- Stages
- Seed, Series C+, lower-middle-market, buyout, private-equity, real-estate, private-credit, software-growth-equity, secondary
- Sectors
- industrial-services, healthcare-services, tech-enabled-business-services, vertical-saas, human-capital-management-saas, light-industrial-real-estate, opportunistic-residential-real-estate
- Invests in
- US-wide, mountain-states, southwest-states
- Actively investing
- Yes
- Founded
- 2003
- Assets under management
- $1.12B
Check size not disclosed
Thesis
Bow River Capital is a Denver-based, employee-owned alternative asset manager founded in 2003, focusing on the lower middle market across the United States. The firm employs a diversified strategy across private equity, real estate, and software growth equity. Its investment thesis targets companies in industrial services, healthcare services, and tech-enabled business services. The Software Growth Equity fund specifically targets vertical SaaS, human capital management SaaS, and tech-enabled service businesses with recurring revenue. Real estate investments focus on light industrial and opportunistic residential properties within a 14-state "Rodeo Region™." The Evergreen Fund, launched in May 2020, provides broader access to private markets for accredited investors, utilizing direct investments, secondary purchases, and primary fund commitments with a semi-liquid structure. As of December 31, 2025, the Evergreen Fund had approximately $1.12 billion in AUM, having surpassed $500 million in June 2024. The minimum investment for the Evergreen Fund is $50,000, with exceptions for aggregated subscriptions starting at $25,000. The firm has over 68 members, including 21 partners.
Common questions
Does BOW RIVER CAPITAL invest at the Seed stage?
Yes. BOW RIVER CAPITAL lists Seed, Series C+, lower-middle-market, buyout, private-equity, real-estate, private-credit, software-growth-equity and secondary among the stages it invests in.
Where does BOW RIVER CAPITAL invest?
BOW RIVER CAPITAL invests in the US, mountain-states and southwest-states.