Bertram Growth Capital III has held a final close at its $500 million target and hard-cap. The fund will follow the same strategy as its predecessors, investing in business services, consumer, industrial and manufacturing companies with a minimum of $25 million in revenue and $5 million in EBITDA.
The fund’s investor base consisted of more than 30 endowments, insurance companies, multi-manager funds, consultants, pension funds and family offices.
The firm’s second fund, Bertram Growth Capital II, held a final close at $500 million in September 2010.
Sixpoint Partners was the placement agent for fund III and Kirkland & Ellis provided legal counsel.