Bowmark Capital, a British mid-market private equity firm, has closed its seventh flagship fund, Bowmark Capital Partners VII (Bowmark VII), with commitments totalling over £900m and exceeding its predecessor fund by approximately 50%.
Bowmark VII held a final close at its hard cap within three months of its first close in October 2023, having launched with an initial target of £800m.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The fund attracted commitments from pension funds (32%), insurance companies (21%), funds-of-funds (20%), other financial institutions (17%) as well as endowments, foundations and family offices (10%).
Bowmark VII continues the firm’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,” according to a press release.
Source: Private Equity Wire
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...