Bertram Capital has closed its fourth growth fund at a hard cap of $940 million. Bertram Growth Capital IV’s limited partners include endowments, foundations, consultants, insurance companies, public pensions, corporate pensions, asset managers, fund-of-funds, and family offices. Sixpoint Partners was the placement agent while Kirkland & Ellis provided legal counsel. Based in Foster City, California, Bertram Capital invests in lower middle market companies.
NEW YORK–(BUSINESS WIRE)–Sixpoint Partners, a leading global investment bank serving the middle market, announced today the successful closing of Bertram Growth Capital IV, L.P. (together with its parallel fund, “Fund IV” or the “Fund”), above the hard cap with $940 million of total capital commitments, including $65 million from the general partner. Fund IV saw significant demand from both new and existing limited partners, receiving capital commitments from a diverse group of high-quality, institutional investors across the US, Europe, and Asia. These limited partners include endowments, foundations, consultants, insurance companies, public pensions, corporate pensions, asset managers, fund-of-funds, and family offices. The Fund experienced outsized demand despite the headwinds of COVID-19, with total capital commitments significantly in excess of its initial $800 million hard cap.
Fund IV will continue Bertram’s demonstrated model of accelerating growth and driving operational improvements to transform under-optimized 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 $20 million in revenue and $5 million in EBITDA in the business services, industrial/manufacturing and consumer sectors. The firm is led by its executive partnership team of Jeff Drazan, Kevin Yamashita, Ryan Craig, Jared Ruger, Tom Beerle, David Hellier, and Brian Wheeler.
“We are grateful for the support we had from our existing investor base and thrilled with the new investor relationships we were able to build as part of this fundraise,” said Jeff Drazan, Managing Partner at Bertram. “Sixpoint Partners was once again a fantastic partner for Bertram as we embarked on this fundraising process to take the next step in the growth of our firm.”
Larry Smith, Partner at Sixpoint Partners, said, “We were very pleased to partner with Bertram Capital for a second time to help them exceed their hard cap and further diversify their investor base. Sixpoint Partners congratulates everyone at Bertram on a successful fundraise.”
Bobby Farina, Partner at Sixpoint Partners, added, “The Bertram Capital team is highly regarded with deep expertise in the middle market buyout landscape. It was a pleasure collaborating with their team and we are pleased with the strong support the fund received from world-class institutional investors.”
Kirkland & Ellis provided legal counsel in connection with Fund IV.
About Bertram Capital
Bertram Capital is a private equity firm targeting investments in lower middle market companies. Since its inception in 2006, the firm has raised over $2.2B of capital commitments. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High-5sm and Bertram Labs, to empower its portfolio companies to unlock their full business potential. The Bertram High-5sm is an operationally-focused value creation strategy, which includes management augmentation, operational initiative implementation, complementary business acquisition, sales and marketing improvements, and leveraging technology and IP. The cornerstone of this strategy is Bertram Labs, its in-house technology team, which drives growth and value through digital marketing, e-commerce, big data and analytics, application development, and internal and external platform optimization. Visit www.bcap.com for more information.
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on delivering strategic advisory and fundraising solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement and strategic advisory, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies, and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco, and London. Investment banking and other advisory activities are provided by Sixpoint Partners LLC (“Sixpoint”) a registered broker-dealer and a member of FINRA and SIPC. For more information, please visit www.sixpointpartners.com.