New York Life Investment Management to acquire a minority stake in Bow River Advisers.

New York Life Investment Management, an investment management firm, agreed to acquire a minority stake in Bow River Advisers, a private alternative asset management company. Financial terms were not disclosed. "New York Life Investment Management has been committed to providing quality alternative investment solutions to our clients for more than two decade. This partnership with Bow River Advisers, an innovator in providing high-quality private equity exposure in an investor-friendly structure, will allow us to provide a more differentiated product offering to our clients, while providing additional support to the Fund's existing client base," Kirk Lehneis, NYLIM Chief Operating Officer.