Bow River Capital, a Denver-based alternative asset manager, 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 two-to-three-year terms.
“We were attracted to the Park Cities team because of their deep sector expertise, strong track record and like-minded culture,” Blair Richardson, founder and CEO of Bow River Capital, said. “This acquisition rounds out Bow River’s private credit offering and is an important milestone in our vision of building a comprehensive, multi-asset alternative investment manager focused on the Rodeo region.”
“We’re excited to join Bow River’s platform,” Andy Thomas, managing partner of Park Cities, said. “Their commitment to long term partnerships and scale will allow us to accelerate the growth of our lending strategy and deepen service to our investors and lending partners.”
“We’re incredibly proud of the platform we’ve built over the past seven years and deeply appreciative of the investors, team members, and partners who have supported our journey,” Alex Dunev, managing partner of Park Cities, said. “This acquisition allows us to scale our impact while staying true to our core values, and we look forward to building the future of private credit together with Bow River.”
