Thornburg Bow River Advisers manages investments primarily in high-yielding fixed and floating rate debt and debt-like investments, as well as debt-related warrants and equity co-investments. The firm provides investment management services to managed accounts and private pooled investment vehicles, typically structured as limited partnerships or limited liability companies. These funds make private investments in the debt and/or equity capital of portfolio companies or real estate. The firm does not participate in wrap fee programs.
Fee Structure
Thornburg Bow River Advisers manages investments for private funds and charges a management fee. The fee structure varies depending on the type of interest:
- Tranche A Interests: 1.00% of capital commitments during the Initial Investment Period and 1.25% of net invested capital for subsequent investment periods.
- Tranche B Interests: 1.50% of net invested capital.
Investors also pay a fee of 1.00% per year on their share of leveraged investments. Some investors may qualify for Founder Share interests, which have no management fee during the Initial Investment Period.