Bowmark Capital, a £2bn UK-based private equity firm focussed on investments in technology, data, and services companies, has promoted Tom Shelford, head of the firm’s Software practice to Managing Partner.
Shelford joined Bowmark in 2008, becoming a partner in 2014 and a member of the Investment Committee and Executive Board in 2016. He has played a key role in the firm’s development over the past 16 years, and has been responsible for a number of successful investments. His current board positions include WSD, Lendscape, and Focus Group. Prior to Bowmark, Shelford worked in corporate finance for PwC.
The announcement comes towards the end of another successful year for Bowmark, during which it has completed new investments in CubeLogic, Eque2, Transparity, and Turnkey and the realisation of Focus Group to Hg (in which Bowmark also reinvested). In January, Bowmark also announced the closing of its latest flagship fund above target, with commitments exceeding £900m.
