Bernhard racks up $1.2 bln for sophomore PE fund

Bernhard Capital Partners Management, an industrial services-focused private equity firm, has closed its second private equity fund at $1.2 billion, beating its $1 billion target. Metric Point Capital and Moelis & Co. served as placement agents while Kirkland & Ellis LLP provided legal counsel for the fund.


BATON ROUGE, La., February 6, 2019 – Bernhard Capital Partners Management, LP (“Bernhard Capital” or the “Firm”), an industrial services-focused private equity management firm, today announced it has successfully closed its second private equity fund, BCP Fund II, LP (the “Fund”), at $1.2 billion. The fund exceeded its original target of $1.0 billion with commitments from a diverse group of public and private institutional investors.

Bernhard Capital was founded in 2013 by James “Jim” Bernhard and Jeff Jenkins. Leveraging its founding partners’ decades of experience acquiring, operating and growing industrial, energy, and infrastructure services businesses, the Firm focuses on applying its operational knowledge by partnering with world-class management teams and investing in leading middle-market services companies. Bernhard Capital’s deeply experienced team provides the insight needed to accelerate growth in its portfolio companies through access to the Firm’s extensive client relationship networks, strategic and operational assistance, and by providing growth capital and the flexibility to pursue “buy-and-build” strategies.

“We are extremely pleased to have closed our second services fund above our original $1.0 billion target and appreciate the ongoing support from our returning limited partners and the confidence of our new investors,” said Jim Bernhard, Partner of Bernhard Capital. “We have a very experienced team and are well-positioned to continue leveraging our unique sourcing channels and operational experience to drive significant long-term value for our investors and other stakeholders.”

Jeff Jenkins, Partner of Bernhard Capital, added, “Successfully closing Fund II enables our team to continue executing on our objective of investing in assets and implementing buy-and-build and other growth strategies. We see a significant number of attractive investment opportunities in the industrial services market and look forward to putting this capital to work.”

Bernhard Capital, together with its portfolio companies, has made 28 investments and employs more than 18,000 people.

Metric Point Capital and Moelis & Co. served as placement agents and Kirkland & Ellis LLP served as legal counsel for the Fund.

About Bernhard Capital Partners
Bernhard Capital Partners (“Bernhard Capital”) is a services-focused private equity management firm established in 2013 by Jim Bernhard, Jeff Jenkins and a team of experienced private-equity professionals. Bernhard Capital seeks to create sustainable value by leveraging its founding partners’ experience in acquiring, operating and growing industrial, energy, and infrastructure services businesses. From strategic industry insight to operational efficiencies and best-practice management, Bernhard Capital provides resources far beyond its investments.