Perkins Coie Helps Bow River Close $605 Million Software Fund

Perkins Coie advised Bow River Capital, a Denver-based alternative asset manager, on the close of its latest private equity fund targeting software-as-a-service companies, with $605 million in commitments.

The Bow River Capital Software Growth Equity Fund II was “significantly oversubscribed,” getting commitments from a broad group of investors. It beat its $500 million target and far outstripped the firm’s first software-as-a-service fund, which closed with $160 million in 2019, according to a statement.

The new fund will make majority-control investments of $25 million to $50 million as first institutional capital in boot-strapped, founder-led software-as-a-service companies, the statement said.

Bow River’s ...