Investment bank Perella Weinberg Partners LP plans to establish a blank check company, PWP Forward Acquisition Corp., which will focus on finding businesses owned and led by women, according to a memo seen by Bloomberg News.

The special purpose acquisition company will seek to raise about $200 million, the report said.

Stacia Schlosser Ryan, Perella Weinberg's co-head of consumer and retail as well as co-head of diversity and inclusion, will be the CEO of PWP Forward.

PWP Forward will count four women as executives, and it plans to file to go public with the Securities and Exchange Commission in September. The company will focus on targets in consumer products and services, health and wellness and financial technology, according to the report.

Perella Weinberg's representative did not immediately return a call from Bloomberg asking for a comment.