Bow River Capital Selects UMB Fund Services as administrator of firm’s first registered closed end interval fund
UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (UMBF), has been retained to provide fund administration services for Bow River Capital’s Evergreen Fund.
The Bow River Capital Evergreen Fund is the firm’s first registered product.
“We are pleased to evolve our relationship with Bow River following the conversion of its private equity fund into a registered fund,” says Maureen Quill, executive vice president, executive director of registered funds at UMB Fund Services. “We look forward to supporting Bow River’s continued growth with our high-touch client service and expertise in all facets of registered fund administration.”
The partnership expands Bow River’s relationship with UMB Financial Corporation. UMB Bank, a subsidiary of UMB Financial Corporation, has provided a subscription line of credit and serves as trustee for Bow River Capital Real Estate Fund II. The bank also financed real estate assets held in the fund and currently maintains deposits for the fund.
As one of Denver’s largest private alternative asset management companies, Bow River is continuing to expand its investment focus in the lower middle market in three asset classes, including private equity, real estate and software growth equity.
“We are excited to partner with UMB Fund Services for fund administration of the Bow River Capital Evergreen Fund,” says Jeremy Held, managing director at Bow River. “We feel confident UMB Fund Services is the best fit to provide personalised service and embrace our commitment to offering a unique private equity solution to a wider investor base.”