Moving Beyond the S&P: How to add Private Equity Exposure to Your Portfolio – Bow River Advisors – 8.2.23

Summary:

Now On Demand

Markets have changed. There are less than half the number of public companies than there were 25 years ago. Private companies are staying private longer and in some cases, staying private indefinitely.* At the same time private markets have grown nearly three times as fast as the public markets. 2022 showed the importance of diversification, as private equity outperformed both public equities and bonds over a challenging period. We believe this choppy market environment may continue to benefit private equity on a relative basis, with the highest levels of alpha relative to public markets typically achieved during periods of generally flat or negative broad market performance and elevated volatility.

Despite the increased importance of private markets, high minimums, long periods of illiquidity, and risk factors have prevented many investors from accessing the private equity asset class.

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 equity investing
• Advantages of a pure-play private equity Evergreen Fund wrapper
• Overview the Bow River Capital Evergreen Fund (Ticker: EVERX)
• Using an Evergreen Fund as part of a diversified portfolio
• Q&A Session

Speakers:

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 is a Director and Portfolio Manager and is 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 $100 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. He has constructed portfolios across multiple asset classes, including private equity, real assets, private credit, and liquid investments.

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.