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Opalesque Industry Update - Thornburg Investment Management, Inc., 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, have formed a joint venture to provide flexible private credit solutions that support the needs of lower- and middle-market businesses. The joint venture is expected to be completed during the fourth quarter of 2024, pending customary closing conditions. The Thornburg and Bow River partnership combines Thornburg's 40-year history of investing in global fixed income markets and deep client relationships with Bow River's over two decades of investing in private equity, real estate and private credit. "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," said Thornburg CEO Mark Zinkula. "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," said Bow River Capital Founder and Chief Executive Officer Blair Richardson. "We look forward to a productive partnership that will benefit investors as well as business owners."
Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower and middle market in five asset classes: defence technology, private credit, private equity, real estate, and software growth equity. Press release Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
Thornburg and Bow River Capital to partner
Thursday, September 05, 2024
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