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Laxman Pai, Opalesque Asia: Bertram Capital, a private equity firm targeting investments in lower middle market companies, announced the closing of its fifth committed capital investment fund, Bertram Capital V(BC V).
The Fund was oversubscribed in interest with total limited partner commitments of $1.5 billion, exceeding the $1.25 billion target, said a press release from the middle-market alternative investment firm.
BC V commitments came from a well-respected and diverse group of new and existing global limited partners, including public, corporate, and foreign pension funds, endowments, insurance companies, foundations, and family offices.
Additionally, Bertram's partners made capital commitments to BC V, as with prior funds, said the release.
"When we launched Bertram in 2006, our goal was to support lower-middle market companies to become market leaders through technology enablement and strategic acquisitions. Our tenured leadership team's focus on maintaining Bertram's culture and consistently applying our investment strategy as we have grown has enabled us to deliver on this goal," said Jeff Drazan, Founder and Managing Partner.
"Additionally, I would like to recognize the work of Michelle Chao, our recently appointed Head of Investor Relations, who helped lead Bertram to this successful fundraise," Jeff added.
Since its founding in 2006, Bertram has been responsible for managing over $3.5 billion of capital commitments across five funds and ha...................... To view our full article Click here
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