Bowmark Capital, a London, UK-based mid-market private equity firm, closed of its new fund, at £375m.
Launched in October 2013, Bowmark Capital Partners V has 22 investors including pension funds, insurance companies, funds-of-funds, other financial institutions, endowments and family offices. 49% of the capital came from Continental Europe, 34% from North America, 8% from the UK and 9% from other countries.
Led by Kevin Grassby and Charles Ind, the fund will focus on investing in growth-oriented service companies in healthcare, education, business services, consumer and leisure, IT services and media, typically with enterprise values of up to £100m.
Transactions will include management buy-outs, buy-ins, roll-outs, build-ups and other later-stage development capital opportunities.