Bow River Capital announced it will acquire Oklahoma‑based venture firm Spur Capital Partners, a move slated to close in Q2 2026. The deal adds a dedicated venture‑capital arm to Bow River’s private‑equity platform, converting Spur’s fund‑of‑funds model into an evergreen strategy. Investors will see Bow River expand beyond its traditional buyout focus into early‑stage tech and life‑science investments for its limited partners.

Spur Capital, founded in 2001, currently manages roughly $1 billion in regulatory assets, primarily backing early‑stage technology and life‑science funds. By retaining its investment team, Bow River aims to preserve Spur’s sourcing expertise while leveraging its larger balance sheet. The acquisition positions Bow River to capture a share of the fast‑growing venture market, which has attracted heightened capital inflows in recent years.

Closing the transaction in 2026 will give Bow River time to integrate Spur’s portfolio and align governance structures. Existing limited partners can expect continuity of investment mandates, while Bow River’s broader network may open co‑investment opportunities. The deal underscores a trend of private‑equity firms diversifying into venture capital to broaden return profiles and meet limited‑partner demand for growth‑oriented assets.