Bow River Capital hits final close for third fund

The Denver-based asset manager has held a final close for its third opportunistic real estate vehicle.

  • Fund: Bow River Capital Real Estate Fund III
  • Amount raised: $450 million
  • Target: $400 million
  • Stage of fundraising: Final close
  • Time on the road: Eight months
  • Predecessor fund: Bow River Capital Real Estate Fund II ($186m)

Bow River Capital has raised up to $450 million in investor capital for its third series real estate fund, according to a press release. The oversubscribed 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 reported by PERE in October, REF III will invest in the industrial, office, retail and multifamily sectors, with a focus on light industrial and opportunistic residential in the Rocky Mountain West and Southwest, a geographic footprint that Bow River calls the ‘Rodeo Region’. The vehicle will also invest in opportunistic residential real estate, such as purpose-built single family for rent, multifamily housing and senior housing.