Bow River Capital closes in on fundraising target

The Denver-based asset manager is nearing the fundraising target for its third opportunistic real estate vehicle.

  • Fund: Bow River Capital Real Estate Fund III
  • Amount raised: $354 million
  • Target: $400 million
  • Stage of fundraising: Launched
  • Time on the road: Seven months
  • Predecessor fund: Bow River Capital Real Estate Fund II ($186m)

According to a recent SEC filing, Bow River Capital has raised up to $354 million in commitments for its third-series real estate fund. Bow River Capital Real Estate Fund III, which launched in March with a fundraising target of $400 million, has attracted more than 400 investors.

As with its predecessor vehicle, Bow River Capital Real Estate Fund II, which held a final close in August 2018 after raising $186 million in investor capital, REF III will invest in the industrial, office, retail and multifamily sectors, seeking opportunistic returns across the US.