Bunker Hill Capital, a lower middle market buyout fund, has had a final closing on commitments totalling USD200 million for its second fund, Bunker Hill Capital II. New investors in the second fund included a diverse group of limited partners, both domestic and international.
“We are thrilled to have such a strong and diverse group of new limited partners in addition to existing investors from Fund I,” says Mark DeBlois, a Managing Partner of Bunker Hill. “We are very appreciative of the ongoing support from our limited partners,” adds Rufus Clark, also a Managing Partner.
“We invested with Bunker Hill because the team has an impressive history of creating value through hands‐on involvement with their portfolio investments,” says Bill Holm, Head of the Mezzanine and Private Equity Group of Hartford Investment Management Company.
Bunker Hill is a private equity firm that makes control investments in lower middle market companies with enterprise values up to USD150 million. Bunker Hill’s partners have invested over USD400 million in 30 transactions during their nearly two decades investing together. The firm focuses on acquiring lower middle market companies in four industry sectors: industrial products, business services, consumer products and specialty retail. Bunker Hill invests in companies with proven business models, outstanding management teams and the potential for significant growth in earnings. The firm has offices in Boston, MA and San Diego, CA.
“We have been very impressed with Bunker Hill,” says Larry Gury, President of Bunker Hill portfolio company California Family Fitness. “They have brought a new level of strategic focus to our business and provided operating and financial resources to help us achieve our goals.”
According to DeBlois, “We are optimistic about the investment environment over the next couple years in particular as the economy recovers and the firm has the ability to acquire businesses at attractive valuations.
Clark adds: “Despite a challenging fundraising environment over the last two years, we believe it will be an exceptional time to deploy capital into lower middle market companies.”
