Bertram Capital raises $100M more, for rollup strategy
Bertram Capital, a Palo Alto venture firm, has boosted the size of its first fund by $100 million, adding to the $250 fund it raised last year — in an effort to pump more money into companies so that they can grow by acquiring other companies.
The news was reported by VentureWire today (subscription required). Bertram raised its first fund last year.
According to the report:
Rather than spread its capital across a dozen or so companies, as was the original plan, Bertram has decided to focus on just six companies, using those operations as platforms to build bigger operations via acquisitions….”It’s no secret,” [founder Jeff Drazan] said. “The people that make the most money are the ones that make concentrated investments and make sure they are spectacular.”
The firm has made three investments so far, including in Author Solutions and Power Distribution.
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