Bow River Capital, a Denver-based alternative asset manager, has closed its latest real estate fund, Bow River Capital Real Estate Fund III, with more than $450 million in capital commitments.
The fund was oversubscribed, surpassing its $350 million target and two and half times larger than its predecessor fund, Bow River Capital Real Estate Fund II, which closed at $186 million.
The latest fund will invest primarily in light industrial and opportunistic residential in the Rocky Mountain West and Southwest, a geographic footprint that Bow River calls the Rodeo Region. The fund also will invest in opportunistic residential real estate, such as purpose-built single-family rental, multifamily housing and senior housing.
“The Rodeo Region industrial sector is at an inflection point,” said Patrick Blasdell, managing director and co-head of Bow River Capital’s Real Estate team, who leads the firm’s industrial vertical. “There is historically high demand —
