UMB Fund Services (UMBFS), a subsidiary of financial services company UMB Financial Corporation (Nasdaq: UMBF), has been retained to provide fund administration services for Bow River Capital’s Evergreen Fund. The Bow River Capital Evergreen Fund is the firm’s first registered product.
“We are pleased to evolve our relationship with Bow River following the conversion of its private equity fund into a registered fund,” said Maureen Quill, executive vice president and executive director of registered funds at UMB Fund Services.
The partnership expands Bow River’s relationship with UMB Financial Corporation. UMB Bank, n.a., a subsidiary of UMB Financial Corporation, has provided a subscription line of credit and serves as trustee for Bow River Capital Real Estate Fund II. The bank also financed real estate assets held in the fund and currently maintains deposits for the fund.
Bow River, a Denver-based private alternative asset management company, is continuing to expand its investment focus in the lower middle market in three asset classes, including private equity, real estate and software growth equity, the company said.
UMB Fund Services offers products and services to the fund industry, including fund administration, fund accounting, tax, investor services and transfer agency, distribution and custody.