Bertram Capital Announces Successful Closing of Ignite I

Funding | Jan 14, 2025 | Bertram Capital Management LLC

Bertram Capital Announces Successful Closing of Ignite I

Bertram Capital Management, a prominent middle-market private equity firm, has announced the closing of its first fund extension platform, Bertram Ignite I, raising $260 million in total capital commitments. This follows the earlier success of their fifth flagship fund, Bertram Capital V, which closed in January 2024 with $1.6 billion in commitments. Bertram's strategy has always been to support lower middle-market, founder-owned businesses and with Ignite I, they aim to continue this mission by investing in both control and non-control stakes. With both existing and new global investors like pension funds, foundations, and family offices backing the fund, Ignite I has already made significant investments in companies such as Ridgeline Roofing & Restoration and MSE Supplies. The firm leverages its proprietary processes like Bertram High-5sm and its in-house tech team, Bertram Labs, to enhance value and growth. Founded in 2006, Bertram has managed over $4.0 billion in capital across six funds, investing in more than 150 acquisitions in sectors like business services, consumer, and industrial.

Sectors

  • Private Equity
  • Business Services, Consumer, and Industrial Sectors

Geography

  • United States – Bertram Capital and its investments, including Ridgeline Roofing & Restoration and MSE Supplies, are based in the U.S., and its operations spread across states like Alabama, Georgia, and Arizona.

Industry

  • Private Equity – Bertram Capital is a private equity firm managing funds for investments in lower middle market companies, making it a key player in this industry.
  • Business Services, Consumer, and Industrial Sectors – These are the focus sectors for the investments from Bertram's funds, particularly with Ignite I, targeting businesses in these industries.

Financials

  • $260M – Total capital commitments for Bertram Ignite I fund.
  • $1.6B – Total capital commitments for Bertram Capital V fund.
  • $4.0B – Total capital commitments managed by Bertram Capital across all funds since its inception.

Participants

NameRoleTypeDescription
Bertram Capital Management LLCPrivate Equity FirmCompanyA middle-market private equity firm managing multiple funds, focusing on lower middle market investments.
Ridgeline Roofing & RestorationInvestment TargetCompanyA provider of residential re-roofing and restoration services in the Southeastern U.S.
MSE SuppliesInvestment TargetCompanyA Tucson-based supplier of advanced materials, laboratory equipment, and associated services.
Jeff DrazanFounder and Managing PartnerPersonFounder and Managing Partner of Bertram Capital Management.
Tom BeerlePartner and Investment Lead for Ignite IPersonPartner at Bertram Capital and investment lead for Ignite I.
Kirkland and EllisLegal AdvisorCompanyFund formation counsel for Bertram's funds.