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.
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.
