Bow River Capital Evergreen Fund Hits $850M AUM Milestone at 5-Year Mark

Whats Happening:

Bow River Capital's Evergreen Fund has reached a significant milestone, marking its 5-year anniversary with $850 million in assets under management as of June 1, 2025. The fund, launched in May 2020, has delivered an annualized net return of 16.88% since inception, with a maximum drawdown of only 1.1%. It provides investors access to a diversified portfolio of middle market private equity investments, having executed over 120 transactions since its launch.

Key Moves:

• Evergreen Fund reaches $850M in assets after 5 years

• Fund delivers 16.88% annualized net return since inception

• Over 120 transactions executed, providing exposure to hundreds of private companies

By The Numbers:

• $850M in assets under management as of June 1, 2025

• 16.88% annualized net return since inception

• 1.1% maximum drawdown since inception

Key Quotes:

• "Our goal with the Evergreen Fund is to provide investors with a private equity portfolio focused on the middle market, an area that Bow River has invested in for more than two decades." - Jeremy Held, Founder and President of the Evergreen Fund

• "We have seen significant interest from investors who are seeking to either diversify portfolios away from stocks and bonds or add middle market private equity exposure to existing investments from large-cap private equity managers." - Jeremy Held

Bottom Line:

Bow River Capital's Evergreen Fund has demonstrated strong performance and resilience in its first five years, attracting significant investor interest with its focus on middle market private equity. The fund's success highlights the growing demand for accessible private market investments and Bow River's ability to navigate challenging market conditions while delivering consistent returns.

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