Bertram Capital has closed Bertram Growth Capital IV LP and Bertram Growth Capital IV-A LP, with $940M of total capital commitments, above its initial hardcap of $800M. The fund builds on a base of investors including endowments, foundations, consultants, insurance companies, public pensions, corporate pensions, asset managers, fund-of-funds, and family offices from the US, Europe and Asia.
“Bertram greatly appreciates the support of our limited partners who contributed to our recently closed and oversubscribed fourth fund, BGC IV,” said Jeff Drazan, managing partner at Bertram. “In its final closing last week, this flagship Fund received $940M of total capital commitments, $875M from limited partners and $65M from the general partner. Bertram practices a digital transformation strategy that is directed to our industrial, consumer and business services companies. Those capabilities are uniquely delivered through our Bertram Labs team of 14 software developers, internet marketers and data scientists. We are pleased with the progress we have already made in BGC IV, deploying capital into five platform investments representing approximately one-third of the committed capital. Further, our limited partners have contributed an additional 50% of the amount we have deployed from their coinvest programs. The successful fundraise is the result of a cohesive and committed team, employing a meaningfully differentiated value creation strategy which has helped us establish a strong track record with our limited partners, investment banks and business owners.”
The new fund has completed three consumer investments with a focus on e-commerce: Bulk Reef Supplies, Centicore Holdings and Lectric E-Bikes. Additionally, Bertram has closed two Industrial platform investments: Safety Products Holdings and AFC Industries.
Bertram worked in a partnership with Sixpoint Partners raising BGC IV, as well as Kirkland & Ellis for providing fund formation counsel.