[Funding alert] London-based Bowmark Capital Secures of its Latest Flagship Fund

The speed with which the fund was raised in an otherwise challenging fundraising environment, and the significant investor demand in excess of the fund’s hard cap, are indicative of Bowmark’s consistently strong investment performance across multiple economic cycles.

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Bowmark Capital Partners VII 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.

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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.

Charles Ind, managing partner, commented: “We are immensely grateful to our investors for the confidence they have placed in us, especially in such a tight year for private equity allocations, and for their support in enabling the fundraising to be completed so efficiently.

About Bowmark Capital

A private equity company called Bowmark Capital makes deliberate investments. Their primary aim is to invest in technology and services firms with a maximum valuation of £300 million. Since their founding in 1997, They have made more than 50 investments and currently oversee and counsel over £1.7 billion in assets.

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