Mid-market firm Bowmark Capital is reportedly looking to raise £375m for its new fund.
The firm expects to wrap up the fundraise by Christmas, said Dow Jones, citing two people familiar with the matter.
Bowmark invests £20m to £100m in UK-based profitable companies with an equity requirement of £10m to £40m.
Earlier this year Bowmark backed the £30m management buyout of London based bar and restaurant chain Drake & Morgan.
The deal saw bar and restaurant investor Imbida Partnership exit its investment in the group, which is led by company founder Jillian Maclean.
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