NOTE: Effective October 1, 2026, Bow River Advisers integrated with Apogem Capital, and the Bow River Capital Evergreen Fund became the Apogem Evergreen Fund, as approved by shareholders. The Fund’s strategy, objectives, terms, and team remain unchanged.

www.apogemevergreen.com Read the prospectus carefully. An offer can only be made by the prospectus and only in jurisdictions in which such an offer would be lawful. The prospectus contains important information concerning risk factors and other material aspects of the Fund to carefully consider and must be read carefully before a decision to invest is made. An investor should consider the Fund’s investment objectives, risks, charges and expenses before investing. This and other important information can be found in the Fund’s prospectus. To obtain a prospectus, please visit www.apogemevergreen.com before investing. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements of the Fund. Investors could lose all or a substantial amount of their investment. No assurance can be given that the Fund's investment objectives will be achieved. The Fund is speculative and involves a substantial degree of risk. The Fund is a closed-end, non-diversified management investment company that will make periodic repurchase offers for its securities and is highly illiquid. There is no secondary market for investors' interests, and none is expected to develop. Liquidity Risk: Interval funds are closed-end funds and do not provide daily liquidity. Shares generally may be sold only through the fund’s periodic repurchase offers, which are limited to a specified percentage of outstanding shares. If repurchase requests exceed the amount offered, requests may be reduced on a pro rata basis. As a result, investors may be unable to sell some or all of their shares when desired and should consider an interval fund a less liquid investment.