Key Takeaways
- • Bow River Capital has appointed Greg Hiatrides as Chief Executive Officer, succeeding founder Blair Richardson, who led the firm as CEO for 23 years and will become Chairman according to publisher reporting.
- • Bow River Capital manages between $6 billion and $7 billion across seven fund strategies and employs more than 80 people, per the Denver Business Journal.
- • Hiatrides previously headed the firm's private equity team, positioning an internal leader to guide the alternative asset manager's next phase.
- • The leadership transition follows a 23-year tenure by Richardson, who founded the Denver-based firm.
Summary
Hiatrides previously served as head of Bow River's private equity team, according to the firm's announcements. The move elevates an internal leader with direct experience running one of the firm's core investment businesses. Bow River's Private Equity team seeks to form strategic partnerships with middle market founders and management teams leading businesses that are growing.
The Denver-based alternative asset manager now manages between $6 billion and $7 billion across seven fund strategies, employing more than 80 people, according to the Denver Business Journal. Bow River's recent activity includes a Denver firm's acquisition of a Dallas-based private credit company and a private equity firm's sale of a software company stake, both reported by the Business Journals.
The Business Journals' report, written by reporter Brett Forrest, frames the change as a founder stepping back after more than two decades of leadership, with the firm continuing to operate across its existing strategies.
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