Thoughts on Bow River Capital (Denver)?
Mid-sized shop doing PE, PC, RE and an Evergreen fund. Anyone know about the PE side of things? (culture, returns, comp etc) Heard they're investing out of a ~$600M fund.
Mid-sized shop doing PE, PC, RE and an Evergreen fund. Anyone know about the PE side of things? (culture, returns, comp etc) Heard they're investing out of a ~$600M fund.
Career Resources
They had a ~30% headcount reduction to their PE arm in late 2022. MD gone, Director/VP gone and some junior turnover.
Just checked their LI - Yeah that's a bad sign...plus I see a few other VPs in 2023 that are no longer with the firm. As someone who's been at a heavy-turnover shop that isn't even a national institution, that's a sign you don't want to see.
Are you talking about the PE team or evergreen team? Both have some of the nicest people in the biz tbh.
I interviewed there a while ago now, I think I remember thier base being low, even for Denver standards.
Really nice people, office is in a great part of town.
Mind if I PM you?
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Are you talking about the PE arm or the software growth equity team? Can speak to both
PE team. Any insight appreciated?
Heard they were recently putting a couple PE assets out in market early / with no reserve given some liquidity / performance issues
+1 to this, looking at one of these assets right now and have heard same fund / liquidity pressures. Appear to be stemming from performance issues on the CRE side of the business and broader LP base is demanding DPI
I’ve similarly heard negative things recently. If a lot of folks have left recently that is usually a very clear sign that there are fundamental problems with the shop — be it performance, culture, or something else. I know the market is awful right now, but unless you’re desperate, you should probably keep looking (or interview but do some heavy diligence by calling former employees).
Can confirm sentiment in this posting - Denver is a small market, and reputation of this firm based on personal accounts of friends I trust has been that the "culture" of the firm is very rigid and very old school. Five days a week in office, suits, work is work, no benefits, sit down and shut up.
Can also confirm - at least through word of mouth - that comp is severely below market, even by Colorado standards. Although I've never interviewed or received an offer letter etc.
Software growth team had solid returns but were offering laughable $140k base + $35k bonus? But they did offer ridiculous carry upside to balance it out, roughly in the $2m -$2.5m range as an associate.
Offices were nice but 5 days a week old school set of executives
Something tells me they won’t be seeing close to that $2-$2.5M…
Have a potential interview coming up with them with this new $600M fund; bumping for more color...
Feedback doesn't look great based on the comments, and not hearing good things in my direct network about the head Partner either.
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