Bowmark Capital, a London, UK-based mid-market private equity firm, announced the closing of its latest flagship fund, Bowmark Capital Partners VII, at £900M.
The fund was supported by 31 institutional investors, with 48 per cent of the capital coming from Continental Europe, 37 per cent from North America, 7 per cent from the UK and 8 per cent from other countries. Overall, pension funds committed 32 per cent and insurance companies 21 per cent, with 20 per cent coming from funds-of-funds, 17 per cent from other financial institutions and 10 per cent from endowments, foundations and family offices.
The fund will continue Bowmark’s proven strategy of active investment in high-quality, high-growth businesses in four core areas of the technology sector: data and insight, managed IT services, software, and technology-enabled business services.
Along with Bowmark Growth Partners, the firm’s fund focusing on smaller companies, the team now has over £1 billion for new investments.
FInSMEs
19/01/2024