Bertram Capital, a private equity firm headquartered in San Mateo, California, has closed Bertram Growth Capital II with USD500m in limited partner commitments.
Founded in 2006, Bertram Capital’s mission is to help profitable companies realise their potential through a strategy of buy and build and internally generated growth initiatives.
Bertram now has over USD850m in capital under management and targets investments in lower middle market companies.
"We recognise the significant trust our existing and new limited partners have demonstrated with their swift commitment to Bertram Capital’s second fund," says Jeff Drazan, managing director. "During a challenging economic environment, Bertram was able to demonstrate continued growth in sales and earnings across a broad range of industry segments. Bertram’s approach of minimal leverage coupled with the application of cash flow to growth initiatives generated increased market share at a time when competitors were shedding costs and losing customers."
Bertram Capital invests in a variety of industry segments spanning industrial manufacturing, technology, business services and healthcare.
The current active portfolio includes: Author Solutions, a publishing company; Power Distribution, a power quality company; Genascis, a specialist in surgery centre revenue cycle management; TydenBrooks, a provider of security seals for logistics applications, utility meter products and product marking systems; and One Distribution, a footwear and apparel brand in the skate, urban, and fashion markets.
The investors in Bertram Capital include financial institutions, funds of funds, university endowments, charitable foundations, corporate pension funds, state pension funds and sovereign wealth funds.