Blair Richardson is CEO of Bow River Capital, and has held executive positions in international sales and trading of public equity and debt securities for nearly 25 years. In 2011, Mr. Richardson was named one of the most influential people in Denver by 5280 magazine (“The 5280 Fifty”).
Mr. Richardson was with Morgan Stanley and Company from 1987 to 1995, serving as President of Morgan Stanley Japan in Tokyo, Vice Chairman of Morgan Stanley Asia in Hong Kong, and Managing Director of the Equity and Fixed Income Department in New York.
Prior to forming Bow River Capital, Mr. Richardson was Managing Partner of B.E. Richardson Investments, which invested in a variety of industries and real estate throughout North America. Between 1996 and 2002 his company made over 20 private equity investments.
Mr. Wham is responsible for overseeing operations of Bow River Capital and its funds, as well as, engaging specialized and experienced personnel to advise on potential new fund opportunities. Rich closely monitors the alternative investment space and facilitates the strategic expansion of the firm. He maintains a platform-wide perspective and represents a “C-level” point of contact for all investors. Prior to joining Bow River Capital, Rich spent thirteen years at Denver-based Westfield Company where he led the capitalization of numerous real estate investments exceeding $1 billion in total value.
Rich earned his bachelor’s degree in economics from the University of Colorado.
Mr. Pederson is Chief Strategy Officer at Bow River Capital and Chairs the Advisory Board for Bow River’s active buyout investment funds.
Previously, Mr. Pederson was President of Ross Consulting Group, an advisory firm he founded that for 20 years provided capital asset financing and investment strategy for Fortune 100 corporations and government organizations. Before that Mr. Pederson worked with Boston-based Harbridge House, a management consultancy firm.
Mr. Pederson earned MSBA and JD degrees from the University of Denver. He is a board member of Westcore Mutual Funds; ALPS ETF Trust; Principal Real Estate Income Fund; and History Colorado.
Ms. Smith joined Bow River Capital in September 2006. Ms. Smith is the CFO for Bow River Capital, the management company, and the Buyout and Software Growth Equity Funds.
Ms. Smith is a graduate of Metropolitan State College of Denver (summa cum laude) and is a Certified Public Accountant in the State of Colorado. Ms. Smith has worked in public accounting and in the private sector — most recently as Assistant Controller for a Denver bank and previously Controller for a lower middle market manufacturing company.
Ms. Watson serves as Bow River’s General Counsel and Chief Compliance Officer. She has over 25 years’ experience advising investment advisers on legal and compliance matters.
Prior to joining Bow River, Ms. Watson was Senior Counsel to Watson Capital Management, Inc., a registered investment advisory firm headquartered in Washington, D.C. For over 15 years, Ms. Watson was Vice President and Senior Associate Counsel with T. Rowe Price Associates, advising the firm’s registered investment adviser and broker-dealer. From 1997-1998, Ms. Watson served as Senior Associate Counsel to Merrill Lynch in New York. Ms. Watson began her legal career as a Federal Investigator specializing in investment related audits and examinations.
Mr. Wolf is a Managing Director for Bow River Capital responsible for leading investment transactions. Prior to forming Bow River Capital, he worked with Mr. Richardson at B.E. Richardson Investments, where he was involved in the due diligence, financial analysis, and structuring of numerous operating company and real estate investment transactions, including the reorganization of a portfolio company into a publicly listed real estate investment trust. Mr. Wolf is the current Chairman of Ely and Associates Corp. and the former Chairman of Peak Power Engineering and AUC Holdings Corp.
He currently serves on the Board of Directors for Junior Achievement Rocky Mountain, and formerly served on the boards of Denver Academy (Treasurer), and Leaders Challenge (Treasurer).
Mr. Wolf earned a B.S. in accounting at the University of Colorado Boulder and is a certified public accountant (inactive) in the state of Colorado.
Mr. Hiatrides is a Managing Director responsible for originating, structuring, and leading buyout and recapitalization transactions as well as portfolio management. He is a member of the Board of Directors of Kobelt Manufacturing Co. Ltd., IRI Consultants, Inc., and Midstate Holding Corp. Mr. Hiatrides is chairman of the Board of Directors for Control Technology & Solutions, LLC and Roseland Management, LLC, a physician practice management organization.
Prior to joining Bow River Capital, Mr. Hiatrides served as a Vice President at KPMG Corporate Finance (previously St. Charles Capital) where he was responsible for providing strategic advisory services relating to merger and acquisition and capital market transactions to middle market companies across a variety of industries. Prior to that, he served as an Analyst at the Bank of Ireland in the middle-market leveraged finance group.
Mr. Hiatrides earned an MBA with High Honors at the University of Colorado and a B.B.A. Cum Laude in Finance from Loyola University of Maryland’s Sellinger School of Business.
Mr. Raeder leads the Software Growth Equity Team. Mr. Raeder has vast experience sourcing, operating, and exiting software and technology-enabled business service companies. Prior to partnering with Bow River, Mr. Raeder focused on transformational change at software businesses, serving as a strategic advisor, board member and CEO to numerous companies over the last twenty years. His extensive background as a Chairman and CEO includes, most recently, partnering with Frontier Capital to acquire talentReef in 2012. Previously he served as CEO of IQNavigator, where he guided a market leading Software Human Capital Management company for Contingent Workforce Management to 10 consecutive years of profitable revenue growth and a successful exit in 2008.
Jeremy is responsible for helping guide the strategic direction of Bow River’s registered asset management business including investment oversight, research and product development.
Prior to joining Bow River Capital, Jeremy was the Chief Investment Officer at ALPS Advisors, a Denver-based asset manager that specializes in real assets and alternative investments. Jeremy began his career at ALPS in 1996 and lead a variety of business initiatives over two decades, including the launch of the firm’s asset management business in 2007. As CIO, Jeremy was responsible for all aspects of the ALPS Asset Management business and ultimately helped it grow to more than $20 billion in AUM.
Jeremy graduated from the University of Colorado with a degree in International Business. He is a CFA® charter holder and a member of the CFA Society of Denver
Mr. Ettenger is responsible for business development activities at Bow River including originating investment opportunities and managing investor relationships. He has over five years of Institutional Equity Sales experience, most recently serving as a Vice President at Morgan Stanley.
Mr. Ettenger holds an MBA with an emphasis in Accounting and a BS in Accounting from the University of Colorado, where he graduated with honors. He is also a CFA Charterholder.
Mr. Koncilja is responsible for originating, structuring, and managing real estate transactions. Before joining Bow River Capital, he founded a real estate development company with Mr. Richardson. Prior to that, Mr. Koncilja served as the Chief Operating Officer of St. Charles Town Company. At St. Charles he oversaw the company’s retail development and land acquisitions, as well as 2.1 million SF of third party real estate services.
In 2004, Nick took a position in Denver Mayor Hickenlooper’s administration as the Deputy Director of a $400M bond initiative to overhaul the infrastructure of the criminal courts and detention facilities. He was intimately involved in every aspect of the project from the initial programming and budgeting to the bond campaign and through the execution of the final construction contracts.
In 2007, Nick left the Mayor’s Office to work with Urban Villages. While there he became the VP of Development and Operations. Nick oversaw the completion of SugarCube, a 150,000 SF mixed-use building in LoDo, and the asset management of 300,000 SF of mixed-use and multi-family real estate in Downtown Denver.
Mr. Walters serves as a Senior Vice President of Bow River Capital’s Software Growth Equity Team. He is an experienced entrepreneur and senior executive with a proven track record of delivering growth and value creation for investors. Prior to joining Bow River, Mr. Walters has focused on the lower middle market SaaS and technology enabled business services sectors where he has served as a strategic advisor, investment professional and CFO/COO. From 2012 to 2017 he was CFO/COO of TalentReef, where, partnered with Mr. Raeder and Frontier Capital, he was an investor and member of the team that acquired talentReef in 2012. Previously he served as CFO of IQNavigator. Mr. Walters started his career in public accounting with KPMG and is a CPA (“Inactive” status) in the State of California.
Maitlan is a Vice President on the Software Growth Equity Team of Bow River Capital and is responsible for managing all stages of the investment process from transaction through portfolio management and exit.
Most Recently, Maitlan was part of the founding team and a Principal of Grand Ventures, a Midwest firm focused early stage venture capital firm. Before co-launching Grand Ventures, Maitlan was an Associate in the Technology Investment Banking Division of Wedbush Securities in San Francisco. Prior to Maitlan’s tenure at Wedbush Securities he founded MEC Strategies Group, a strategic consulting firm. Preceding to founding MEC Strategies Group, Maitlan worked in San Francisco as an Analyst in the Technology group at Signal Hill Capital Group.
While attending the University of Denver, Maitlan was an FP&A Analyst for IQNavigator. He earned a B.S.B.A. in Finance from the University of Denver and holds his Series 79 and 63 licenses. Maitlan was recognized as Top 40 Under 40 by the Grand Rapids Business Journal in 2018
Mr. Miller is responsible for originating, structuring and executing buyout and recapitalization transactions as well as portfolio management, investment research, due diligence, and financial analysis.
Previously, Mr. Miller was part of the Healthcare Investment Banking group at Jefferies in New York. Prior to that, he was with Quadriga Partners, a healthcare-focused investment bank in Denver. Mr. Miller began his career with St. Charles Capital, a boutique investment bank in Denver.
Mr. Miller holds a BS in Finance from Colorado State University and a Master of Finance from the University of Denver.
Mr. Neiffer joined Bow River Capital in November 2014. Mr. Neiffer is responsible for the real estate fund accounting, cash flow projections, capital calls and distributions, research, and investment analysis. Mr. Neiffer holds an MBA and a BS in Accountancy, both from Azusa Pacific University. He has passed all portions of the CPA exam and is awaiting licensure in both California and Colorado.
Prior to joining Bow River, Mr. Neiffer worked in public accounting, specializing in tax, focusing primarily on private equity clients with real estate-related businesses and investments. Mr. Neiffer started his career with a Big Four accounting firm and transitioned to a regional firm to concentrate on private equity.
Mrs. Palmere is responsible for the accounting and finance functions related to the Real Estate Funds.
Mrs. Palmere (inactive CPA) holds a MBA from the University of Houston and brings twenty plus years’ experience as a Chief Financial Officer of a real estate investment fund, a national real estate development firm and a large regional bank, and has worked as a commercial real estate broker on a Fortune 500 international account.
As a Vice President of Bow River Capital, Mr. Ramich will be working extensively on the Software Growth Equity Team. Mr. Ramich is responsible for originating, structuring, and managing transactions for the Fund. He is an experienced investment and operating executive with a proven track record driving revenue growth, improving margins, raising capital, and running M&A transactions. Prior to joining Bow River, Mr. Ramich was the founder and managing partner of DFR Financial Partners, a fractional CFO/COO consulting firm focused on assisting small growing companies attain their strategic financial and operating goals primarily in the SaaS space. Additionally, Mr. Ramich was an investment professional with Raeder Capital Partners, Fidus Partners, Linx Partners, and Banc of America Securities LLC.
Mr. Sutton is responsible for originating, structuring, and driving buyout and recapitalization transactions as well as portfolio management. He is a current member of the Board of Directors of RailPros Holdings, LLC, an engineering and safety services firm, as well as Kivu Holdings, LLC, a cyber security consulting firm. Mr. Sutton was previously a member of the Board of Directors for Kobelt Manufacturing Co. Ltd, AUC Holdings Corp as well as a home healthcare company.
Prior to joining the firm in 2013, he worked as an Investment Analyst at Mariner Real Estate Management, an opportunistic real estate private equity firm. At Mariner, Mr. Sutton helped originate, underwrite, and structure $150MM in executed transactions with investments ranging from distressed real estate debt pools, to commercial mortgage backed securities as well as development opportunities. Prior to that, he served as an Investment Analyst Intern at Resource Land Holdings.
Mr. Sutton holds an MBA with an emphasis in Finance and a B.S. in International Business, both from the University of Colorado. Mr. Sutton is also a CFA Charterholder.
Catherina Nally joined Bow River Capital in August 2010. She is primarily responsible for managing investor service requests, supporting client reporting activity, and marketing. She also assists with other operational responsibilities, event coordination, and auxiliary support to the Bow River Capital team.
She graduated from James Madison University where she received a B.A. in Social Sciences. Catherina brings a myriad of experiences to her role. Before joining Bow River, Catherina worked as the office manager and payroll administrator for a food and beverage company, with a prior history of working in medical association management.
Mr. Fortier is responsible for originating and executing investments in private businesses utilizing complex financial valuations, comprehensive company and industry analysis, and structural, tax and financial considerations. Prior to joining Bow River in 2017, he worked for McCarthy Capital, an Omaha, Nebraska based private equity firm focused exclusively on lower middle market companies with more than $1 billion of investment capital under management.
Mr. Fortier received a Master’s Degree in Finance and Bachelor’s Degrees in Finance and Economics from Creighton University in Omaha, Nebraska.
Mr. Lacey joined Bow River in September 2017 as a Senior Associate. Mr. Lacey is responsible for investment research, due diligence, financial modeling, originating, structuring, and managing real estate transactions. Prior to joining the firm, he was an Assistant Vice President at First National Denver, a regional bank, specializing in commercial real estate. He was the lead portfolio manager on a $300 million real estate portfolio consisting of all asset classes.
Mr. Lacey holds a MBA and a BS in Business Administration with an emphasis in Finance, both from the University of South Dakota.
Ms. Musgrave joined Bow River in 2019 as a Senior Associate on the Investor Relations Team. She is primarily responsible for new client relationships.
Prior to joining Bow River, Ms. Musgrave spent 9 years at Kayne Anderson Capital Advisors, a Los Angeles-based alternative asset manager, where she was responsible for private client and institutional investor relations and business development. Ms. Musgrave graduated with Honors from California Polytechnic State University where she received a B.S. in Business Administration with a concentration in Finance and minor in Economics.
Mr. Layton joined Bow River in 2017 as an Associate. Mr. Layton is responsible for investment research, due diligence, financial modeling, originating, structuring, and monitoring real estate transactions. Prior to joining Bow River, he was an Analyst in EY’s M&A Real Estate group in Philadelphia focusing primarily on transaction-based valuations. He was involved in over $6.5 billion of commercial real estate valuations. Mr. Layton additionally completed a 5-month Co-Op at a commercial real estate development consulting firm, and two summer internships at PNC Bank in their commercial real estate originations, and capital markets finance groups.
Mr. Layton holds a BS in Finance from The Pennsylvania State University.
Ms. Leonard joined Bow River in October 2016 as an Associate. Ms. Leonard is responsible for investment research, due diligence, financial modeling, and originating buyout, recapitalization and growth capital transactions.
Prior to joining Bow River, Ms. Leonard completed numerous internships in the finance industry, most recently working at SDR Ventures, a local Denver investment bank. She holds a BSBA in Finance from the University of Denver.
Christa joined Bow River in May 2019 as an Associate. Ms. Reese is responsible for investment research, due diligence, financial modeling, originating, structuring, and managing real estate transactions. Prior to joining Bow River, she was an Investment Management Analyst at Forum Real Estate Group in Denver, focusing on acquisitions and asset management. She was responsible for the underwriting of prospective multifamily apartment acquisitions, financial analysis, and operations of Forum’s portfolio in the Mid- Atlantic region.
Ms. Reese holds a B.A. in Business Administration from the University of Denver.
Sara joined Bow River Capital Partners in 2017 and provides administrative support to the Bow River Capital team. Previously, she worked in the mortgage industry for 10 years where she held positions in audit, compliance, and investor relations.
She graduated high school from Golden High school in Golden, Colorado and moved on to study business and accounting at Metropolitan State University of Denver.
Stephanie Dalton joined Bow River Capital in 2018. She is the Executive Assistant to Blair Richardson, CEO and Richard Wham, President & COO. She has over 14 years of experience providing high-level support to ensure smooth coordination and communication for Bow River Capital. Prior to joining Bow River, she was an Executive Assistant to the President and Director of Operations at a food & beverage/hospitality company in Centennial. Before her time there, she was the Executive Assistant to the Chief Creative Officer at a large media advertising company in the Denver Tech Center. Stephanie has also assisted brokerage teams in commercial real estate and received her Real Estate License in California prior to moving to Colorado.
Stephanie graduated from University of Arizona in 2002, where she received her B.A in Communications.
Suzette Sasaoka joined Bow River Capital in 2018, as the Front Desk Receptionist providing Administrative support to the Buyout, Real Estate and Software teams. Previously; she worked in the medical-aesthetic industry, bringing ten plus years of experience as a Front Desk Administrative Assistant, Coordinator and Receptionist.
Suzette graduated from the University of Northern Colorado where she received her Bachelor of Science.