Thornburg Bow River Advisers, LLC.

Thornburg Bow River Advisers, LLC is an alternatives investment manager that provides discretionary portfolio management to private pooled investment vehicles structured as master, feeder and blocker entities. The firm’s clients are institutional and accredited investors in private funds that acquire debt and equity interests in portfolio companies and real estate.

The firm’s investment program emphasizes high‑yielding fixed- and floating‑rate debt and debt‑like instruments, as well as debt‑related warrants and equity co‑investments, with a concentration on privately negotiated opportunities and a regional focus the brochure describes as the “Rodeo Region.” Investment decisions are made following a multi‑step quantitative and qualitative due diligence process, approval by an investment committee, and ongoing monitoring of portfolio positions.

The brochure highlights several structural features that are less common among peers: Thornburg Bow River Advisers was formed as a joint venture between Bow River Asset Management and Thornburg Investment Management, its principals operate prior private funds and affiliated platforms and the General Partner may negotiate side letters and differentiated investor terms. The firm is also affiliated with a FINRA‑registered broker‑dealer (Thornburg Securities LLC) and relies on shared‑services arrangements with its principals, which the brochure identifies as potential sources of conflicts of interest and operational interdependence.