Bow River Capital Hires Veteran Software Executive and Investor Matt Warta as Managing Director on Its Software Growth Equity Team.Bow River Capital, a Denver-based alternative asset manager, announced today that Matt Warta, an experienced Software-as-a-Service (SaaS) executive and operator with more than 20 years of experience, has joined the firm as a Managing Director on the Software Growth Equity (SGE) team. Warta will oversee the sourcing and due diligence of majority-control transactions, will lead our board of directors across multiple SaaS platform companies, and build deep relationships with founders and tech CEOs in Bow River Capitals Software Growth Equity portfolio.On March 15, 2023, the Bow River Capital Software Growth Equity

<h1>Bow River Capital Hires Veteran Software Executive and Investor Matt Warta as Managing Director on Its Software Growth Equity Team.</h1><div> Bow River Capital, a Denver-based alternative asset manager, announced today that Matt Warta, an experienced Software-as-a-Service (SaaS) executive and operator with more than 20 years of experience, has joined the firm as a Managing Director on the Software Growth Equity (SGE) team. Warta will oversee the sourcing and due diligence of majority-control transactions, will lead our board of directors across multiple SaaS platform companies, and build deep relationships with founders and tech CEOs in Bow River Capitals Software Growth Equity portfolio. On March 15, 2023, the Bow River Capital Software Growth Equity team successfully closed Bow River Capital Software Growth Equity Fund II (SGE Fund II). SGE Fund II was significantly oversubscribed and closed above its $500M target with $605M of committed capital from a broad group of investors. "There are only a few seasoned SaaS executives with a perfect combination of primary investment experience and deep operational expertise required to execute our playbook and investment strategy and Matt is one of them," stated John Raeder, Managing Director and Head of Software Investments at Bow River Capital. Raeder further states, "He is a perfect addition to our team as we work to deploy capital, and will be highly focused on driving value creation, which is what our LPs count on us to deliver." Warta started his investment career at Koch Ventures (now called Koch Disruptive Technologies) in 1996. He was a General Partner at Village Ventures and the Co-Founder and CEO of GutCheck for more than 10 years; Gutcheck was at the forefront of creating advanced, automated analytics for Fortune 500 brands. Most recently, he was an executive at EverCommerce, Inc., where he led the combination of five client-centered digital marketing firms. In 2014, Warta was an Ernst & Young Entrepreneur of the Year finalist. Warta commented, "Ive known John Raeder and Steve Joanis for more than two decades. Im excited to join the SGE team at this crucial time in the teams evolution as they continue scaling their existing portfolio companies and deploy dry powder." The SGE team has built a portfolio of seven market-leading Software-as-a-Service companies. Most recently, the team added HRSoft to Fund II. HRSoft is a market leader and purpose-built to handle complex compensation management and compliance, rewards, and pay equity. The team recently completed significant exits, including the majority recapitalizations of AbsenceSoft with Norwest Venture Partners (NVP) and the majority recapitalization of Altvia with Marlin Equity. About Bow River Capital Founded in 2003, Bow River Capital is a private alternative asset management company based in Denver, Colorado focused on investing in the lower middle market in three asset classes, including software growth equity, private equity and real estate. In addition to the three private fund platforms, the Bow River Capital Evergreen Fund (EVERX) provides institutional-quality private market access to a broader set of investors. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure. Bow River Capital Evergreen Fund is distributed by Foreside Financial Services, LLC, which is not affiliated with Bow River Capital or its affiliates. For more information on Bow River Capital, please visit www.BowRiverCapital.com</div><div> </div>

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Bow River Capital Hires Veteran Software Executive and Investor Matt Warta as Managing Director on Its Software Growth Equity Team

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Bow River Capital | Matt Warta | Managing Director | Americas

Gaurav Sharma Joins as a Managing Director; Shayan Masoudpour Joins as a Director Bow River Capital, a Denver-based alternative asset manager, has expanded its Private Equity team with two senior hires - Gaurav Sharma, Managing Director and Shayan Masoudpour, Director. They joined Bow River on August 10 and August 14, 2023, respectively, and bring more than 30 years of combined private equity experience at top-tier funds to Bow River Capitals Private Equity Team. "We are thrilled to welcome Gaurav and Shayan to the team," said Greg Hiatrides, Managing Director and Head of Bow River Capital Private Equity. "They have deep experience investing in business and healthcare services, two important areas of focus within our investment strategy, and bring tremendous operational expertise to our Team." Mr. Sharma has more than 18 years of investment experience and joins Bow River Capital from Investcorp International where he served most recently as Principal on the Private Equity Team with a focus on business and healthcare services. Prior to Investcorp, he was a Vice President, Global Private Equity and Principal Investments at Bank of America/Merrill Lynch. He began his career at Lazard Freres & Co. as a Mergers & Acquisitions Analyst; he was also an Associate on the Private Equity Team at Metalmark Capital, formerly Morgan Stanley Capital Partners. "I was attracted to Bow Rivers Private Equity Team because of the Teams track record, entrepreneurial culture, and the strong partnerships that they forge with founders and management teams to build enterprise value," said Mr. Sharma. "I look forward to working closely with my colleagues, our management teams and investors." Mr. Masoudpour has more than 13 years of experience and was most recently a Principal at Chicago Pacific Founders where he focused on healthcare services. Previously, he was a Senior Associate at Waud Capital Partners with a focus on healthcare and business services. He started his career as a Financial Analyst at Citigroup Global Markets in the Financial Institutions Investment Banking Group. "Bow River offers a unique opportunity to join an operationally focused team and build on my healthcare and business services experience," said Mr. Masoudpour. "Im thrilled to be part of the team and contributing to the platform." About Bow River Capital Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower and middle market in four asset classes: private credit, private equity, real estate, and software growth equity. Through its subsidiary Bow River Advisers, LLC, Bow River Capital also offers a registered, interval fund - Bow River Capital Evergreen Fund (EVERX) - designed to provide institutional-quality private market access to a broader set of investors. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure.

Bow River Capital Expands Private Equity Team With Gaurav Sharma, Managing Director And Shayan Masoudpour

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<div>EverCommerce, a leading provider of vertically-tailored SaaS solutions for the service economy, announced that Lee Dabberdt, the Companys Chief Accounting Officer, has resigned effective April 28, 2023 to pursue other interests in the next stage of her career. The resignation is not the result of any disagreement with the company on any matter relating to the companys financials, operations, policies or practices. "I want to thank Lee for her significant contributions to EverCommerce," said Eric Remer, EverCommerce CEO. "She has been integral in our rapid growth and played a critical role in the development of our accounting operations and infrastructure to support our IPO in July 2021." The Company has partnered with a leading, national firm to conduct a search for a successor to Ms. Dabberdt. In the interim, Marc Thompson, the Companys Chief Financial Officer, will assume the duties of principal accounting officer and the majority of Ms. Dabberdts team will report to Mr. Thompson. "We have a strong and deep bench at EverCommerce to support business-as-usual operations as we conduct our search for Lees replacement," said Marc Thompson. "Id also like to thank Lee for her contributions over the last few years and wish her all the best in her future pursuits." About EverCommerce EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 685,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Fitness & Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at EverCommerce.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Companys finance organization. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, our limited operating history and evolving business; our recent growth rates may not be sustainable or indicative of future growth; we may not achieve profitability in the future; we may continue to experience significant quarterly and annual fluctuations in our operating results due to a number of factors, which makes our future operating results difficult to predict; we may reduce our rate of acquisitions and may be unsuccessful in achieving continued growth through acquisitions; revenues and profits generated through acquisitions may be less than anticipated, and we may fail to uncover all liabilities of acquisition targets; as well as the other factors described in our Annual Report on Form 10-K for the year ended December 31, 2022 and updated by our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent managements estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. Media Contact Jeanne Trogan VP Communications (737) 465-2897 Communications@evercocmmerce.com Investor Contact: Brad Korch SVP and Head of Investor Relations 720-796-7664 ir@evercommerce.com</div>

EverCommerce Chief Accounting Officer Resigns; Company Initiates Search for Successor

Bow River Capital | Matt Warta | Managing Director | Americas

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