Bow River Capital, a Denver-based alternative asset manager, made a platform investment in Accelo, an industry-leading Professional Services Automation (PSA) suite to enable strategic insights, accurate and real-time decision-making, and best-in-class execution for all sizes of professional services organizations and their respective markets.

Accelo, founded in 2009, is a cloud-based market leader of professional services automation (PSA) software serving more than 1,200 global clients across all professional services sub-verticals. Its V4.0 comprehensive software suite enables rapid change and is considerably easier for the best-run firms to execute and manage the entire value stream for their customers and stakeholders.

As part of Bow River’s SGE Fund II majority-controlled investment, fund managers John Raeder and Maitlan Cramer will join the Accelo Board of Directors, and Charles Chen with Level Equity will continue as a Board Director.

Charles Chen, Partner at Level Equity said of the transaction, “We have high conviction in Accelo’s future and are thrilled to partner with Bow River Capital to unlock the potential value ahead. We’re excited to participate in Accelo’s next chapter of global growth with John Raeder and team.”

Vaquero Capital LLC served as the financial adviser to Accelo in connection with this transaction.