Bertram Capital has closed Bertram Growth Capital III with USD500 million of total capital commitments from limited partners.
This is the third fund for Bertram, a middle market private equity firm focused on control transactions that leverage its highly differentiated value creation strategy.
The Fund closed at its target and hard cap, receiving commitments from over 30 top-tier investors, including endowments, insurance companies, multi-manager funds, consultants, public pensions, corporate pensions and family offices.
Like its two preceding funds, Fund III will continue Bertram’s demonstrated model of accelerating growth and driving operational improvements to transform under-optimised businesses into market leaders. Bertram leverages its highly differentiated in-house technology team, Bertram Labs, to drive value creation through proprietary IT initiatives in its portfolio companies.
The Fund will focus on investing in companies generally with a minimum of USD25 million in revenue and USD5 million in EBITDA in the business services, consumer, and industrial/manufacturing sectors. The firm is led by its executive partnership team of Jeff Drazan, Kevin Yamashita, Ryan Craig, Jared Ruger, David Hellier, Ingrid Swenson and Brian Wheeler.
“Bertram greatly appreciates the support of our limited partners in the strategy we have developed over the last 12 years. We are off to a great start, having already deployed capital and co-investment in three platform investments,” says Drazan, Managing Partner at Bertram. “The successful fundraise is the result of effectively employing a differentiated investment strategy and building a cohesive, committed team. We would also like to thank Sixpoint Partners for their role in this successful fundraise.”
Bertram has made three Fund III platform investments in its focus industry sectors: Anord/Mardix (industrial), Spectrio (business services) and Trademark Global (consumer). Additionally, Bertram has already completed seven add-on acquisitions in support of these platforms.
“Bertram’s experienced team and differentiated approach generated strong demand from investors looking for untapped value in the middle market,” says Laurence Smith, Founder & Partner at Sixpoint Partners. “We believe Bertram is well positioned to continue generating strong results in the lower middle market, and we look forward to continuing our partnership with the Bertram team.”
