Adi (2) (1)

Adi Leonard

Principal, Chief Operating Officer | Public Equities & Real Estate

Adi Leonard is Chief Operating Officer of Pacifica Capital Investments, LLC and Pacifica Capital Real Estate (collectively “Pacifica”). In her roles, Ms. Leonard supports the core operations and investment strategies at Pacifica. She is responsible for capital allocation, client relations, investment research and financial modeling, monitoring existing investments, and serves as a member of the firm’s Investment Committee .

Recognizing the opportunity to be a part of the continued growth of Pacifica while carrying on her father’s legacy, Ms. Leonard joined the firm in June of 2024. Leveraging almost a decade of experience investing in private equity, Adi brings experience evaluating businesses, selecting management teams, and establishing debt and equity capital structure to facilitate such investments. Pacifica’s investment philosophy of patience, protection of capital, and value-oriented investing for the long-term have always guided her judgement.

Prior to joining Pacifica, Ms. Leonard served as a Vice President at Bow River Capital (“BRC”), a diversified investment management platform. The firm’s assets under management expanded to approximately $3.5 billion during her tenure. Adi’s focus was on BRC’s private equity investment strategy where she originated, executed, and actively managed investments in private businesses. In her time at Bow River, she worked on 18 transactions totaling approximately $1.3 billion of enterprise value. Her transaction experience includes majority recapitalizations to establish a platform investment, working collaboratively with management teams to complete add-on acquisitions and mergers, sales of these businesses (typically to large private equity firms or strategic companies backed by large private equity firms), and debt recapitalizations. She served on the boards of six platform companies. Today she remains as a board member of Roseland Management, Progressive Roofing, NextEdge Networks, and One10 Marketing. Her investment experience at BRC included developing investment theses, detailed industry and company analysis, financial valuation and modeling, investment structuring (including both equity and debt capital formation), as well as active management to identify and drive growth initiatives alongside portfolio company executives. Similar to Pacifica, the best outcomes for BRC’s private equity strategy were investments made in strong management teams and in industries they understood well. The realized investments she worked on in her tenure at Bow River drove substantial returns for the firm’s private equity funds , and the underlying assets more than doubled in size through both organic and acquisitive growth.

Ms. Leonard passed the Series 65 exam in July 2024 and is a Registered Investment Advisor. She has also completed Level I and II of the Chartered Financial Analyst (CFA®) Program. Adi graduated Cum Laude with a BSBA in Finance and minors in Economics, Leadership and Biology from the Daniels College of Business at the University of Denver. She previously served on the Board of Economic Literacy Colorado and continues to be involved in charitable organizations supported by the Leonard Family. She lives in Denver, Colorado with her fiancé where they enjoy skiing, hiking, biking, and entertaining friends.