US-based Bertram Capital has held a final close of $500 million for its second growth capital fund.
The firm focuses on buyouts and providing growth capital to mid-market companies in sectors such as healthcare, manufacturing, technology, and business services industries.
The firm has also promoted two vice presidents, Ryan Craig and Stefanie Ho, to principal. Both executives currently work in Bertram’s investment team.
Craig, who joined the firm in 2006, will continue managing the firm's investments of footwear provider One Distribution, and medical business consultant GENASCIS. Craig sits on the board of directors for both companies.
Before joining Bertram, Craig worked on strategic transactions for Health Net, a health insurance company.
Ho, who joined the firm in 2007, will continue managing the firm’s investment in healthcare provider Sanare, where she sits on the board of directors. She previously worked at rival firm Behrman Capital evaluating deal opportunities in the healthcare sector.
The change in senior management follows three promotions at the firm earlier this month. Tom Beerle and Tim Heston, both part of Bertram’s investment team, joined Jeff Giles, who worked in the business development division, in being made vice president.
Founded in 2006, Bertram manages $850 million of capital, targeting investments in lower mid-market companies.