The hottest words in the Sydney food scene right now don't describe a dish or prized new ingredient. It's private equity.

Ever since Quadrant snapped up Neil Perry's Rockpool in 2015, private equity investment has been sniffing around our favourite food brands.

And Good Food hears Next Capital has closed in to snaffle up the makers of one the cities' favourite loaves (and cafes), Brasserie Bread.

Brasserie Bread head baker and co-founder Michael Klausen offered a no comment when asked about an impending deal with Next Capital.

Our sources tell us the deal is already in the oven, and certainly fits in with Next Capital's acquisition earlier this year of Melbourne artisan bread maker, Noisette Bakery.

Next Capital typically takes a controlling interest then works with the owners and founders to help grow the business.