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Private Equity Firms in Denver

18 private equity firms are on this list. Of those that report private fund gross assets from a main office in Colorado, Revelstoke Capital Partners is the largest: $7.2 billion through Revelstoke Capital Management LLC (filed ).

Rubicon Technology Management follows with $3.7 billion. The 18 firms counted report $22.0 billion together; the ten largest hold 94% of it, and half report less than $517 million.

Where the $22.0BN sitsThe 18 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $5BN to $10BN33%1 firm
  2. $1BN to $5BN53%6 firms
  3. $500MM to $1BN8%3 firms
  4. Under $500MM6%8 firms

Latest Form ADV of each, filed Mar 2026 to Sep 2026. Read ; sources at the end of the page.

Private equity firms listedList of November 2026; 18 are private equity firms
18
Combined fund assets18 counted; as filed to Sep 2026
$22.0BN
Largest: Revelstoke Capital PartnersAs filed
$7.2BN
Median firmHalf of the 18 report less
$517MM
Held by the ten largestOf the $22.0BN combined
94%

Revelstoke Capital Partners, Rubicon Technology Management and Excellere Partners lead the Denver private equity firms by fund assets

The ten largest by private fund gross assets on their latest Form ADV. Together they report $20.8BN, 94% of the $22.0BN the 18 counted report.

  1. 1

    Revelstoke Capital Partners

    Private equity firm, Denver

    $7.2BNPrivate fund gross assets, Jun 2026

    Regulatory assets
    $6.7BN
    Private funds
    27
  2. 2

    Rubicon Technology Management

    Private equity firm, Boulder

    $3.7BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $4.8BN
    Private funds
    15
  3. 3

    Excellere Partners

    Private equity firm, Denver

    $2.3BNPrivate fund gross assets, Sep 2026

    Regulatory assets
    $2.3BN
    Private funds
    5
  4. 4

    Resource Capital Funds

    Private equity firm, Denver

    $1.5BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $1.8BN
    Private funds
    12
  5. 5

    Platte River Equity

    Private equity firm, Denver

    $1.5BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $1.5BN
    Private funds
    15
  6. 6

    Mountaingate Management Co.

    Private equity firm, Denver

    $1.5BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $1.5BN
    Private funds
    13
  7. 7

    Delta-V Capital

    Private equity firm, Denver

    $1.3BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $1.6BN
    Private funds
    25
  8. 8

    Manna Tree Partners

    Private equity firm, Denver

    $816MMPrivate fund gross assets, Mar 2026

    Regulatory assets
    $816MM
    Private funds
    12
  9. 9

    One Bow River Advisers

    Private equity firm, Colorado Springs

    $526MMPrivate fund gross assets, Jun 2026

    Regulatory assets
    $526MM
    Private funds
    1
  10. 10

    Crest Rock Partners

    Private equity firm, Denver

    $508MMPrivate fund gross assets, May 2026

    Regulatory assets
    $1.1BN
    Private funds
    4

Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

One firm holds a third of the fund assets

How the 18 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's private fund gross assets in its latest filing. Filled: advisers whose private funds are mostly private equity; open: advisers with other funds too. Dollar scale is logarithmic.
Fund assets of each of the 18 firms counted, log scaleEach dot is one adviser and links to its row. Revelstoke Capital Partners $7.2BN; Rubicon Technology Management $3.7BN; Excellere Partners $2.3BN; median $517MM.$1MM$10MM$100MM$1BN$10BNRevelstoke Capital Partners: $7.2BNRubicon Technology Management: $3.7BNExcellere Partners: $2.3BNResource Capital Funds: $1.5BNPlatte River Equity: $1.5BNMountaingate Management Co.: $1.5BNDelta-V Capital: $1.3BNManna Tree Partners: $816MMOne Bow River Advisers: $526MMCrest Rock Partners: $508MMRallyday Partners: $384MMRockwood Equity Partners: $190MMSnow Peak Capital: $174MMLion Equity Investment Advisors: $173MMLiftout Capital: $147MMAshcroft Partners: $123MMEdited Capital Management: $44MMGrey Mountain Partners: $2.8MMRevelstoke Capital Partners $7.2BNRubicon Technology Management $3.7BNExcellere Partners $2.3BNMedian $517MMFund assets of each of the 18 firms counted, log scaleEach dot is one adviser and links to its row. Revelstoke Capital Partners $7.2BN; Rubicon Technology Management $3.7BN; Excellere Partners $2.3BN; median $517MM.$10MM$1BNRevelstoke Capital Partners $7.2BNMedian $517MM

One dot per firm counted. Read .

The 18 firms, by size
Under $500MM86%$1.2BN
$500MM to $1BN38%$1.9BN
$1BN to $5BN653%$11.8BN
$5BN to $10BN133%$7.2BN
$10BN to $25BN00%$0
$25BN and over00%$0

Fund assets each reported in its latest filing; shares are of the $22.0BN combined, one row per firm. Read .

33%

of the fund assets reported sits with one firm, Revelstoke Capital Partners. The five largest hold 73%; 11 of 18 report under $1 billion.

33%Largest41%Next 427%Other 13
Who the 18 are
  1. Private equity firms18

Kind of each, from its own website and filings, checked November 2026.

Where the 18 areThe 6 places with the most firms
  1. Denver12
  2. Boulder2
  3. Aspen1
  4. Broomfield1
  5. Colorado Springs1
  6. Greenwood Village1

Main office on each firm's Form ADV.

Leaders beyond the ranking

Figures the main ranking does not compare: most private funds.

Most private fundsPrivate funds each firm advises, on its latest Form ADV (Schedule D).
RankNameFigure
1Revelstoke Capital Partners27Jun 2026
2Delta-V Capital25Mar 2026
3Platte River Equity15Mar 2026
4Rubicon Technology Management15Mar 2026
5Mountaingate Management Co.13Mar 2026
6Manna Tree Partners12Mar 2026
7Resource Capital Funds12Mar 2026
8Rallyday Partners6Mar 2026

The list is public. The warm path is not. Schedule a conversation

All 18 private equity firms

A to Z, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.

Showing all 18 firms

Kind
Where
Size
Order
Private Equity Firms in Denver 18 firms, A to Z
FirmFund assetsBarPrivate fundsListed stocksFund offerings
Ashcroft Partners
Private equity firm, Aspen.
Detail and sources for Ashcroft Partners

Form ADV of Ashcroft Partners LLC (CRD 333962), exempt reporting adviser, filed : 1 private fund, $123MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a private equity fund. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$123MMMar 20261
Private equity firm, Denver.
Detail and sources for Crest Rock Partners

Form ADV of Crest Rock Management Company LP (CRD 305101), SEC registered adviser, filed , main office Denver, CO: regulatory assets $1.1BN; 4 private funds, $508MM gross; 14 employees.

Tied to this row by the CRD the list cites from the filing.

All 4 of its private funds are private equity funds. Regulatory assets on the same filing: $1.1BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$508MMMay 20264
Private equity firm, Denver.
Detail and sources for Delta-V Capital

Form ADV of Delta-v Capital, LLC (CRD 161800), SEC registered adviser, filed , main office Denver, CO: regulatory assets $1.6BN; 25 private funds, $1.3BN gross; 18 employees.

Tied to this row by the CRD the list cites from the filing.

1 private offering notice since October 2024 by 1 fund or vehicle named for the firm, latest by Delta-v Capital Fund V, LP, as the notice names it.

All 25 of its private funds are private equity funds. Regulatory assets on the same filing: $1.6BN (Item 5.F), not ranked.

Files: SEC Form ADV, Form D notices of funds named for it.

$1.3BNMar 2026251
Private equity firm, Denver.
Detail and sources for Edited Capital Management

Form ADV of Stage Capital Management, LLC (CRD 327261), exempt reporting adviser, filed , main office Denver, CO: 2 private funds, $44MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$44MMMar 20262
Private equity firm, Denver.
Detail and sources for Excellere Partners

Form ADV of Excellere Capital Management LLC (CRD 142904), SEC registered adviser, filed , main office Denver, CO: regulatory assets $2.3BN; 5 private funds, $2.3BN gross; 26 employees.

Tied to this row by the CRD the list cites from the filing.

All 5 of its private funds are private equity funds. Regulatory assets on the same filing: $2.3BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$2.3BNSep 20265
Private equity firm, Boulder.
Detail and sources for Grey Mountain Partners

Form ADV of Grey Mountain Partners, LLC (CRD 161116), exempt reporting adviser, filed , main office Boulder, CO: 2 private funds, $2.8MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are private equity funds.

Files: SEC Form ADV.

$2.8MMMar 20262
Liftout Capital
Private equity firm, Greenwood Village.
Detail and sources for Liftout Capital

Form ADV of Lift Out Capital, LLC (CRD 327583), exempt reporting adviser, filed , main office Greenwood Village, CO: 4 private funds, $147MM gross.

Tied to this row by the CRD the list cites from the filing.

All 4 of its private funds are private equity funds.

Files: SEC Form ADV.

$147MMApr 20264
Private equity firm, Denver.
Detail and sources for Lion Equity Investment Advisors

Form ADV of Lion Equity Investment Advisors, LLC (CRD 283404), SEC registered adviser, filed , main office Denver, CO: regulatory assets $173MM; 3 private funds, $173MM gross; 12 employees.

Tied to this row by the CRD the list cites from the filing.

All 3 of its private funds are private equity funds. Regulatory assets on the same filing: $173MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$173MMMar 20263
Private equity firm, Denver.
Detail and sources for Manna Tree Partners

Form ADV of Manna Tree Partners, LLC (CRD 299654), SEC registered adviser, filed , main office Denver, CO: regulatory assets $816MM; 12 private funds, $816MM gross; 20 employees.

Tied to this row by the CRD the list cites from the filing.

All 12 of its private funds are private equity funds. Regulatory assets on the same filing: $816MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$816MMMar 202612
Private equity firm, Denver.
Detail and sources for Mountaingate Management Co.

Form ADV of Mountaingate Management Co., LLC (CRD 294899), SEC registered adviser, filed , main office Denver, CO: regulatory assets $1.5BN; 13 private funds, $1.5BN gross; 22 employees.

Tied to this row by the CRD the list cites from the filing.

All 13 of its private funds are private equity funds. Regulatory assets on the same filing: $1.5BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$1.5BNMar 202613
Private equity firm, Colorado Springs.
Detail and sources for One Bow River Advisers

Form ADV of One Bow River Advisers, Llc. (CRD 333311), SEC registered adviser, filed , main office Colorado Springs, CO: regulatory assets $526MM; 1 private fund, $526MM gross; 34 employees.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a private equity fund. Regulatory assets on the same filing: $526MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$526MMJun 20261
Private equity firm, Denver.
Detail and sources for Platte River Equity

Form ADV of PRV Management, L.P. (CRD 160667), SEC registered adviser, filed , main office Denver, CO: regulatory assets $1.5BN; 15 private funds, $1.5BN gross; 22 employees.

Tied to this row by the CRD the list cites from the filing.

All 15 of its private funds are private equity funds. Regulatory assets on the same filing: $1.5BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$1.5BNMar 202615
Private equity firm, Denver.
Detail and sources for Rallyday Partners

Form ADV of Rallyday Partners, LLC (CRD 307309), SEC registered adviser, filed , main office Denver, CO: regulatory assets $384MM; 6 private funds, $384MM gross; 19 employees.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are private equity funds. Regulatory assets on the same filing: $384MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$384MMMar 20266
Private equity firm, Denver.
Detail and sources for Resource Capital Funds

Form ADV of RCF Management, LLC (CRD 161007), SEC registered adviser, filed , main office Denver, CO: regulatory assets $1.8BN; 12 private funds, $1.5BN gross; 49 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of RCF Management L.L.C., quarter ended , filed .

All 12 of its private funds are private equity funds. Regulatory assets on the same filing: $1.8BN (Item 5.F), not ranked.

Files: SEC Form ADV, SEC Form 13F (last for 2025).

$1.5BNMar 202612
Private equity firm, Denver.
Detail and sources for Revelstoke Capital Partners

Form ADV of Revelstoke Capital Management LLC (CRD 173859), SEC registered adviser, filed , main office Denver, CO: regulatory assets $6.7BN; 27 private funds, $7.2BN gross; 52 employees.

Tied to this row by the CRD the list cites from the filing.

3 private offering notices since October 2024 by 3 funds and vehicles named for the firm, latest by Revelstoke Capital Partners Fund IV (LUX), SCSp, as the notice names it.

All 27 of its private funds are private equity funds. Regulatory assets on the same filing: $6.7BN (Item 5.F), not ranked.

Files: SEC Form ADV, Form D notices of funds named for it.

$7.2BNJun 2026273
Private equity firm, Denver.
Detail and sources for Rockwood Equity Partners

Form ADV of Rockwood Equity Partners LLC (CRD 163846), SEC registered adviser, filed , main office Denver, CO: regulatory assets $190MM; 6 private funds, $190MM gross; 13 employees.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are private equity funds. Regulatory assets on the same filing: $190MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$190MMMar 20266
Private equity firm, Boulder.
Detail and sources for Rubicon Technology Management

Form ADV of Rubicon Technology Management L.L.C. (CRD 169875), SEC registered adviser, filed , main office Boulder, CO: regulatory assets $4.8BN; 15 private funds, $3.7BN gross; 37 employees.

Tied to this row by the CRD the list cites from the filing.

All 15 of its private funds are private equity funds. Regulatory assets on the same filing: $4.8BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$3.7BNMar 202615
Private equity firm, Broomfield.
Detail and sources for Snow Peak Capital

Form ADV of Snow Peak Capital, LLC (CRD 321648), SEC registered adviser, filed , main office Broomfield, CO: regulatory assets $174MM; 4 private funds, $174MM gross; 7 employees.

Tied to this row by the CRD the list cites from the filing.

All 4 of its private funds are private equity funds. Regulatory assets on the same filing: $174MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$174MMJul 20264

Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

One firm holds a third of the money

Six findings from the filings of the 18 firms counted.

  1. 33%

    of the $22.0 billion the 18 firms counted report is one firm's: Revelstoke Capital Partners. Without it, the other 17 report $14.8 billion.

    Fund assets, latest Form ADV of each; sums of filed figures

  2. $517MM

    is the median: half of the 18 report less, and 11 report under $1 billion.

    Fund assets, latest Form ADV of each

  3. 4

    of the 18 firms on this list have their main office in Rest of Colorado; 4 of them report $4.4 billion together, the largest Rubicon Technology Management $3.7 billion, One Bow River Advisers $526 million, Ashcroft Partners $123 million.

    Main office on each Form ADV; sums of filed figures

  4. 14

    of the 18 firms on this list have their main office in Denver metro; 14 of them report $17.7 billion together, the largest Revelstoke Capital Partners $7.2 billion, Excellere Partners $2.3 billion, Resource Capital Funds $1.5 billion.

    Main office on each Form ADV; sums of filed figures

  5. 157

    private funds are advised by the firms counted; Revelstoke Capital Partners advises the most, 27.

    Private funds on each Form ADV (Schedule D); sums of filed figures

  6. 4

    private offering notices in two years were filed by funds and vehicles named for 2 firms; Revelstoke Capital Partners leads with 3.

    Private offering notices, to

Questions

How many private equity firms are there in Denver?

This list holds 18 private equity firms in Colorado; 18 of them report private fund gross assets on Form ADV, $22.0 billion together.

What are the largest private equity firms in Denver?

By the private fund gross assets they report: Revelstoke Capital Partners $7.2 billion, Rubicon Technology Management $3.7 billion, Excellere Partners $2.3 billion, Resource Capital Funds $1.5 billion, Platte River Equity $1.5 billion.

How much do private equity firms in Denver typically manage?

Of the 18 that report, the median reports $517 million in private fund gross assets; 11 report under $1 billion.

Which private equity firms are in Denver metro?

14 of the 18 on this list have their main office in Denver metro. By the private fund gross assets they report, the largest are Revelstoke Capital Partners $7.2 billion, Excellere Partners $2.3 billion, Resource Capital Funds $1.5 billion, Platte River Equity $1.5 billion, Mountaingate Management Co. $1.5 billion. Choose Denver metro under Where in the list to see them all.

Which private equity firms are in Rest of Colorado?

4 of the 18 on this list have their main office in Rest of Colorado. By the private fund gross assets they report, the largest are Rubicon Technology Management $3.7 billion, One Bow River Advisers $526 million, Ashcroft Partners $123 million, Grey Mountain Partners $2.8 million. Choose Rest of Colorado under Where in the list to see them all.

How do you start a relationship with private equity firms in Denver?

Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
18 private equity firms, 18 are private equity firms, as researched for this list; no row leaves the list.
Ranking rule
The top 10, every total, share and median, the charts and the answers to the questions use one set: the 18 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in Colorado, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $22.0BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
What we searched
On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 18, 18 report on a current Form ADV, 1 file 13F reports (0 for a 2026 quarter with a value), 2 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
Words
Kinds and interests are each firm's own, from its website. No person names are shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 18 advisersFilings to 2026-10-01; read 2026-10-31
Listed stocksSEC EDGAR Form 13F, 1 filersLatest quarter; read 2026-10-31
Private offering notices of funds named for a firmSEC EDGAR full text search, Form D and D/A2024-10-31 to 2026-10-31
Kind, interests and websiteEach firm's own website, as researched for this listChecked 2026-10-31
LogosEach firm's own website; a monogram where none checksRead 2026-10-31

Cite as: Praxis Rock Advisors, "Private Equity Firms in Denver," updated November 1, 2026, praxisrock.com/resources/investors/pe-firms-denver

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