DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Bow River Capital

Asset manager (funds and pooled vehicles)Denver, ColoradoCRD 156765SEC 801-72339websiteIAPD
Legal name Bow River Asset Management, LLC
Latest filing Aug 28, 2026
First filing on the tape Mar 30, 2012 · 42 filings
SEC status approved since Apr 27, 2011
RAUM
$4.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
69
36 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
47
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$4.2B as of Aug 28, 2026
Mar 30, 2012$163M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 28, 2026
Mar 30, 20120 then
Employees (5.A)69 as of Aug 28, 2026
Apr 1, 20137 then
Private funds47 as of Aug 28, 2026
Mar 30, 201211 then
RAUM +53% over the last fiscal year+13% a year over threeIARs 0 to 0offices 0 to 3
Practice profile
derived from the filing of Aug 28, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$79.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$4.2B, 53 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
53reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$4.2B for 53 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=7.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      45 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Bow River Capital Software Growth Equity Fund II Qp LPPrivate Equity Fund$563M499Mar 31, 2023
      Bow River Private Equity Fund III LPPrivate Equity Fund$461M220Mar 31, 2023
      Bow River Capital 2017-Qp Fund, LPPrivate Equity Fund$364M215Mar 29, 2018
      Pr Aggregator, LLCPrivate Equity Fund$339M4Mar 31, 2022
      Nen Investor, LLCPrivate Equity Fund$249M5Mar 31, 2021
      Bow River Private Equity Fund III - B LPPrivate Equity Fund$118M131Mar 31, 2023
      Bow River Capital 2019-Qp Software Growth Equity Fund, LPPrivate Equity Fund$104M221Mar 31, 2020
      Nen Aggregator, LLCPrivate Equity Fund$103M8Mar 31, 2021
      Bow River Capital Real Estate Fund II - Qp, L.P.Real Estate Fund$60.4M144Mar 29, 2019
      Bow River Capital Oz III, LLCReal Estate Fund$55.6M68Mar 31, 2021
      Bow River Capital Oz I, LLCReal Estate Fund$37.3M44Mar 31, 2020
      Achh Investor, LLCPrivate Equity Fund$36.6M6Mar 31, 2022
      Bow River Capital Software Growth Equity Fund II LPPrivate Equity Fund$35.2M89Mar 31, 2023
      Bow River Capital Oz V, LLCReal Estate Fund$32.9M42Mar 31, 2022
      Bow River Capital Software Growth Equity Executive Fund II LPPrivate Equity Fund$32.3M7Mar 31, 2023
      Brc Pe III Executive Fund LPPrivate Equity Fund$24.4M32Mar 31, 2023
      Bow River Capital Oz IV, LLCReal Estate Fund$21.9M49Mar 31, 2022
      Mst Infrastructure Aggregator I, LLCPrivate Equity Fund$19.1M7Oct 13, 2020
      Bow River General Partners 2017, LPPrivate Equity Fund$16.9M18Mar 29, 2018
      Bow River Capital Real Estate Fund I, LPReal Estate Fund$15.6M90Mar 30, 2016
      Bow River Capital 2017 Fund, LPPrivate Equity Fund$15.0M21Mar 29, 2018
      Bow River Capital 2017 Cayman Fund, LPPrivate Equity Fund$13.3M5Mar 29, 2018
      Bow River Capital Oz II, LLCReal Estate Fund$12.8M28Mar 31, 2020
      Bow River II Coinvest I LPReal Estate Fund$10.8M22Mar 31, 2022
      Bow River Capital 2019 Software Growth Equity Fund, LPPrivate Equity Fund$9.3M43Mar 31, 2020
      Bow River Capital 2011-Qp Fund, LPPrivate Equity Fund$9.2M86Mar 30, 2012
      Bow River Capital Real Estate Fund II, L.P.Real Estate Fund$9.0M33Mar 29, 2019
      Bow River General Partners 2019 Software Fund, LPPrivate Equity Fund$8.1M25Mar 31, 2020
      Bow River Capital Fund IV, LPno longer reportedPrivate Equity Fund$6.8M79Mar 30, 2012
      Brcgp Real Estate II, LPReal Estate Fund$4.8M15Mar 29, 2019
      Xyl Coinvest Acquisition Co, LLCPrivate Equity Fund$3.3M15Mar 31, 2022
      Bow River Capital Real Estate Fund II - Te Feeder, L.P.Real Estate Fund$2.4M14Mar 29, 2024
      Brcgp Real Estate, LPReal Estate Fund$2.1M14Mar 30, 2016
      Bow River Capital Fund II, LPno longer reportedPrivate Equity Fund$2.1M23Mar 30, 2012
      Midstate Super Holdco, LLCno longer reportedPrivate Equity Fund$1.8M19Oct 13, 2020
      Bow River Capital 2011-Te Fund, LPPrivate Equity Fund$1.7M5Mar 30, 2012
      Bow River General Partners Investors, LPno longer reportedPrivate Equity Fund$1.7M5Mar 30, 2012
      Bow River Capital Fund, LPno longer reportedPrivate Equity Fund$1.6M1Mar 30, 2012
      Bow River Capital 2011 Cayman Fund, LPPrivate Equity Fund$1.5M6Mar 30, 2012
      Bow River General Partners 2011, LPPrivate Equity Fund$1.1M8Mar 30, 2012
      All funds of Bow River Capital
      Owners and control persons
      Schedule A and B, latest filing
      • R Jamison Davis · Chief Financial Officercontrol
        since 08/2019 · owns less than 5%
      • Clayton Jane Ingalls · Chief Operating Officercontrol
        since 01/2022 · owns less than 5%
      • Daniel James Kerr · Chief Compliance Officer And Senior Counselcontrol
        since 07/2021 · owns less than 5%
      • Ellard Blair Richardson · Chief Executive Officercontrol
        since 01/2019 · owns less than 5%
      • Ellard Blair Richardson · Officer, Director And Shareholdercontrol
        since 01/2020 · owns 25% to 50% of Bow River Asset Management Corporation II
      • Martin James Weichert · Managing Membercontrol
        since 04/2000 · owns 75% or more of Weichert Enterprise, LLC
      Entity owners
      • Bow River Asset Management Corporation II · Member
        direct · owns 50% to 75%
      • Dzmk Advisors, Inc. · Trustee
        indirect · owns F of Richardson 2012 Trust
      • Richardson 2012 Trust · Shareholder
        indirect · owns 25% to 50% of Bow River Asset Management Corporation II
      • Weichert Enterprise, LLC · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • Bow River Advisers, LLC
        investment adviserbankyRAUM $1.2B
      • Bow River Capital 2019 Software Gp, LLC
        pooled vehicle sponsorn
      • Bow River Capital Partners IV, LLC
        pooled vehicle sponsorn
      • Bow River Capital Partners Non-US IV, Ltd
        pooled vehicle sponsorn
      • Bow River Capital Re I, LLC
        pooled vehicle sponsorn
      • Bow River Capital Re II, LLC
        pooled vehicle sponsorn
      • Bow River Capital Re III LLC
        pooled vehicle sponsorn
      • Bow River Capital Software Growth Equity Fund II Gp LLC
        pooled vehicle sponsorn
      • Bow River Credit Opportunities Fund Gp LLC
        pooled vehicle sponsorn
      • Bow River Private Equity III Gp LLC
        pooled vehicle sponsorn
      • Brc Oz 1 LLC
        pooled vehicle sponsorn
      • Brc Oz 2 LLC
        pooled vehicle sponsorn
      • Brc Oz 3 LLC
        pooled vehicle sponsorn
      • Brc Oz 4 LLC
        pooled vehicle sponsorn
      • Brc Oz 5 LLC
        pooled vehicle sponsorn
      Advisers that list Bow River Capital as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 43 to 53
        Mar 30, 2026 to Jun 30, 2026
      • Advisory employees · 37 to 36
        Mar 30, 2026 to Jun 30, 2026
      • Pooled vehicle clients · 43 to 53
        Mar 30, 2026 to Jun 30, 2026
      • Assets in custody · $0 to $4.2B
        Mar 30, 2026 to Jun 30, 2026
      • Custody of client assets · false to true
        Mar 30, 2026 to Jun 30, 2026
      • Employees · 61 to 69
        Mar 30, 2026 to Jun 30, 2026
      • Other offices · 2 to 3
        Mar 30, 2026 to Jun 30, 2026
      • Private funds · 37 to 47
        Mar 30, 2026 to Jun 30, 2026
      • Discretionary RAUM · $3.2B to $4.2B
        Mar 30, 2026 to Jun 30, 2026
      • Pooled vehicle RAUM · $3.2B to $4.2B
        Mar 30, 2026 to Jun 30, 2026
      • RAUM · $3.2B to $4.2B
        Mar 30, 2026 to Jun 30, 2026
      • Accounts · 37 to 43
        May 25, 2025 to Mar 30, 2026
      • BD registered reps · 5 to 7
        May 25, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 37 to 43
        May 25, 2025 to Mar 30, 2026
      • Employees · 54 to 61
        May 25, 2025 to Mar 30, 2026
      • Other offices · 0 to 2
        May 25, 2025 to Mar 30, 2026
      • Private funds · 33 to 37
        May 25, 2025 to Mar 30, 2026
      • Discretionary RAUM · $2.7B to $3.2B
        May 25, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $2.7B to $3.2B
        May 25, 2025 to Mar 30, 2026
      • RAUM · $2.7B to $3.2B
        May 25, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Mar 28, 2025 to May 25, 2025
      • BD registered reps · 4 to 5
        May 15, 2024 to Mar 28, 2025
      • Accounts · 40 to 37
        May 15, 2024 to Mar 28, 2025
      • Advisory employees · 30 to 37
        May 15, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 40 to 37
        May 15, 2024 to Mar 28, 2025
      • Custody of client assets · true to false
        May 15, 2024 to Mar 28, 2025
      • Employees · 48 to 54
        May 15, 2024 to Mar 28, 2025
      • Private funds · 36 to 33
        May 15, 2024 to Mar 28, 2025
      • Discretionary RAUM · $3.0B to $2.7B
        May 15, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $3.0B to $2.7B
        May 15, 2024 to Mar 28, 2025
      • RAUM · $3.0B to $2.7B
        May 15, 2024 to Mar 28, 2025
      • Advisory employees · 25 to 30
        May 31, 2023 to Mar 29, 2024
      • BD registered reps · 5 to 4
        May 31, 2023 to Mar 29, 2024
      • Employees · 46 to 48
        May 31, 2023 to Mar 29, 2024
      • Private funds · 35 to 36
        May 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.6B to $3.0B
        May 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $2.6B to $3.0B
        May 31, 2023 to Mar 29, 2024
      • RAUM · $2.6B to $3.0B
        May 31, 2023 to Mar 29, 2024
      • Accounts · 41 to 40
        Mar 31, 2023 to May 31, 2023
      • Advisory activities · 2 to 1
        Mar 31, 2023 to May 31, 2023
      Signals
      21 dated events
      • Bow River Capital reported RAUM $4.2B, up 33% from $3.2B (2026-03-30 to 2026-06-30)
        Jun 30, 2026 · RAUM change · derived
      • Guy Richard Thackray (President) no longer on Schedule A of Bow River Capital (listed 2023-05-31, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Bow River Capital reported RAUM $2.9B, up 63% from $1.8B (2022-09-23 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Guy Richard Thackray (President) appeared on Schedule A of Bow River Capital
        Mar 31, 2023 · Control person joined · fact
      • Bow River Capital reported RAUM $1.8B, up 96% from $898.5M (2021-07-30 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Clayton Jane Ingalls (Chief Operating Officer) appeared on Schedule A of Bow River Capital
        Mar 31, 2022 · Control person joined · fact
      • Martin James Weichert (Managing Member) appeared on Schedule A of Bow River Capital
        Mar 31, 2022 · Control person joined · fact
      • Richard C. Wham (President And Chief Operating Officer) no longer on Schedule A of Bow River Capital (listed 2021-07-30, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Alan Rick Pederson (Chief Strategy Officer And Managing Director) no longer on Schedule A of Bow River Capital (listed 2021-07-30, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Daniel James Kerr (Chief Compliance Officer And Senior Counsel) appeared on Schedule A of Bow River Capital
        Jul 30, 2021 · Control person joined · fact
      • Maria Regina Watson (Chief Compliance Officer And General Counsel) no longer on Schedule A of Bow River Capital (listed 2021-03-31, absent 2021-07-30)
        Jul 30, 2021 · Control person left · inference
      • Bendickson Eric Wolf (Managing Director) no longer on Schedule A of Bow River Capital (listed 2020-10-14, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • R Jamison Davis (Chief Financial Officer) appeared on Schedule A of Bow River Capital
        Mar 31, 2021 · Control person joined · fact
      • R Jamison Davis (Chief Financial Officer) no longer on Schedule A of Bow River Capital (listed 2020-08-19, absent 2020-10-13)
        Oct 13, 2020 · Control person left · inference
      • R Jamison Davis (Chief Financial Officer) appeared on Schedule A of Bow River Capital
        Apr 3, 2020 · Control person joined · fact
      • Bow River Capital reported RAUM $925.2M, up 34% from $688.5M (2020-02-11 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • Renee Jill Smith (Chief Financial Officer) no longer on Schedule A of Bow River Capital (listed 2019-07-19, absent 2020-02-11)
        Feb 11, 2020 · Control person left · inference
      • Bow River Capital reported RAUM $688.5M, up 46% from $470.8M (2019-02-11 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • Alan Rick Pederson (Chief Strategy Officer And Managing Director) appeared on Schedule A of Bow River Capital
        Mar 29, 2019 · Control person joined · fact
      • Bow River Capital reported RAUM $470.8M, up 161% from $180.1M (2018-01-18 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      • Bow River Capital Partners reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Apr 15, 2016 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/297442reportedpublic record, Form ADV, Sep 17, 2026
      Website
      bowriverevergreen.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      303-861-8466reportedpublic record, Form ADV, Aug 28, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Bow River Capital is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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