Bunker Hill Capital has held a final close on $200 million for its second buyout fund.
The Boston-based lower mid-market firm received re-up commitments from existing investors as well as a “strong and diverse” group of new limited partners, managing partner Mark DeBlois said in a statement. One of fund’s limited partners is the Hartford Investment Management Company, which committed to Bunker Hill's debut fund that closed on $125 million in 2006.
“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,” managing partner Rufus Clark said in the statement.
Bunker Hill—formed in 2003 by BancBoston Capital alums—invests in four sectors: industrial products, business services, specialty retail and consumer products.
The firm, which also has an office in San Diego, makes control investments in companies with enterprise values in the $30 million to $150 million range. Bunker Hill’s partners have invested over $400 million in 30 transactions during their nearly two decades investing together.