Thornburg Investment Management, a global investment firm that oversees $46 billion in client assets, and Bow River Capital, an alternative asset manager with $3.6 billion in assets under management, formed a joint venture to provide private credit solutions that support the needs of lower- and middle-market businesses. The joint venture is expected to be completed during Q4/24, pending customary closing conditions.
“We are excited to partner with Bow River and expand our income capabilities by offering clients a private credit solution with rigorous underwriting and portfolio management,” Mark Zinkula, CEO of Thornburg, said. “Bow River’s extensive experience and sourcing advantages tap into the growing lower- to middle-market segment across Mountain states, the Midwest and Southwest.”
“Thornburg is a world-class organization, and this partnership will allow us to expand our efforts to provide customized financing solutions to U.S. lower- and middle-market companies that face challenges securing financing through traditional bank lending,” Blair Richardson, founder and CEO of Bow River Capital, said. “We look forward to a productive partnership that will benefit investors as well as business owners.”
