Now On Demand.
Markets have changed. There are less than half the number of public companies than there were 20 years ago. Private companies are remaining private longer and in some cases, staying private indefinitely. Since the dot-com bubble twenty years ago, the average number of IPOs per year have been cut in half. At the same time private markets have grown nearly three times as fast as the public markets. Despite the increased importance of private markets, high minimums, long periods of illiquidity, and risk factors have kept most investors and advisors away from private equity.
An Evergreen private equity fund can close the gap in access to private equity by offering a diversified, low-minimum investing solution.
Please join us for an educational presentation where we will explore and discuss the following:
The growth opportunities in private market investing
The Potential Advantages of a pure-play private equity Evergreen Fund wrapper
Overview of the Bow River Capital Evergreen Fund (Ticker: EVERX)
Using an Evergreen Fund as part of a diversified portfolio
Q & A Session
Speakers:
Jeremy Held*, CFAManaging Director & Portfolio ManagerBow River Capital
Jeremy Held is currently responsible for Bow River Capital’s registered asset management business including investment oversight, research and product development. Prior to joining Bow River Capital, Jeremy was the Director of Research and Chief Investment Officer at ALPS Advisors, a Denver-based asset manager that specializes in registered fund vehicles focused on real assets and alternative investments. Mr. Held began his career at ALPS in 1996 and helped lead a variety of business initiatives over two decades, including the launch of the firm’s asset management business in 2007. Mr. Held has a strong track record launching innovative investment products, including the world’s first master limited partnership (MLP) exchange-traded fund (ETF), as well as the first listed private equity mutual fund.
Mr. Held was ultimately responsible for all aspects of the ALPS Advisors business, overseeing 44 registered investment companies and more than $20 billion in assets. He has significant investment oversight experience, advising several registered fund boards and serving as President of Red Rocks Capital, a wholly owned subsidiary of ALPS focused on listed private equity investments. Mr. Held is the Chair of the Fund’s Investment Committee.
Mike Trihy, CFAVP & Portfolio ManagerBow River Capital
Mike Trihy joined Bow River Capital as a Vice President and Portfolio Manager and is currently responsible for portfolio construction and investment research for the Fund. Prior to joining Bow River Capital, Mr. Trihy was a Portfolio Manager at Partners Group, a Swiss-based global private markets manager with approximately $90 billion in assets under management (AUM). He was responsible for managing all of the Americas region’s separate account mandates and registered funds, including the world’s largest private equity-focused evergreen tender offer fund at $5 billion+ in net asset value. During his time as Portfolio Manager, the registered products under his mandate delivered consistent total returns with low levels of volatility, while maintaining appropriate liquidity and a high level of portfolio diversification. He has constructed portfolios across multiple asset classes, including private equity, real assets, private credit, and liquid investments (equity and credit). Before his time at Partners Group, Mr. Held and Mr. Trihy worked together for six years when Mr. Trihy served as a Client Portfolio Manager at Red Rocks Capital, a Denver-based asset manager focused on listed private equity investments. He was responsible for investment research and portfolio management of the firm’s equity index products, with over $500 million in ETF tracking assets at the time. Mr. Trihy is a Portfolio Manager and voting member of the Fund’s Investment Committee.
* Jeremy Held is registered with Foreside Financial Services, LLC which is not affiliated with Bow River Asset Management LLC or its affiliates.RISK DISCLOSURES
An offer can only be made by the prospectus and only in jurisdictions in which such an offer would be lawful. The prospectus contains important information concerning risk factors and other material aspects of the Fund to carefully consider and must be read carefully before a decision to invest is made. An investor should consider the fund’s investment objectives, risks, charges and expenses before investing. This and other important information can be found in the fund’s prospectus. To obtain a prospectus please visit www.bowriverevergreen.com. Read the prospectus carefully before investing.
Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements of the Fund. Investors could lose all or a substantial amount of their investment. No assurance can be given that the Fund’s investment objectives will be achieved. The Fund is speculative and involves a substantial degree of risk. The Fund is a closed-end, non-diversified management investment company that will make periodic repurchase offers for its securities, and is highly illiquid. There is no secondary market for investors’ interests and none is expected to develop. There are certain restrictions on transferring interests. Fees and expenses will offset the Fund’s trading profits. The Fund is subject to conflicts of interest. Other risks include those related to equity securities, fixed income securities, high-yield/high risk bonds, listed private equity, listed infrastructure securities, foreign securities, derivative instruments, leverage, capital calls, investment manager risk, as well as those related to general economic and market conditions, all of which may present significant risks. Please see the prospectus for more information on these and other risks.
Foreside Financial Services LLC is the Fund’s Distributor. There is no relationship between any of the other entities named and Foreside Financial Services, LLC.
