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Bertram Capital Management LLC, a middle-market private equity firm, closed its first fund extension platform, Bertram Ignite I, LP with US$260 million total capital commitments.  The Ignite I closing follows the oversubscribed closing of Bertram’s fifth flagship fund, in January 2024. BC V raised a total of $1.6 billion.

Ignite I made its first investment in  & Restoration, a provider of residential re-roofing and restoration services across the Southeast with operations in Alabama,ÌýGeorgia,ÌýTennessee,ÌýNorth Carolina,ÌýSouth Carolina,ÌýMississippi,Ìý²¹²Ô»åÌýFloridaÌý¾±²ÔÌýJanuary 2024. Terms of the transaction were not disclosed.

“When we launched Bertram in 2006, our goal was to support lower middle market, founder-owned businesses through technology enablement and strategic acquisitions,” said Jeff Drazan, Bertram founder and managing partner. “As Bertram has incrementally invested in larger companies, we recognized the opportunity to re-engage our value creation investment strategy with lower middle market businesses, leveraging our in-house IT services group, , and our established deal origination network. Bertram wanted to ensure we continued to have a vehicle to partner with smaller founder-owned businesses within business services, consumer and industrial sectors. We plan to leverage the success of our tenured investment team and our 18-year track record to partner with exciting lower middle market companies through both control and non-control investments.”