Constitution Capital Partners closed Ironsides V on $1 billion, beating its $600 million target. Fund V represents a significant increase from the fourth fund, which closed on $755 million in December 2016. Fund V focuses on investments in primary funds with $400 million to $2 billion and direct investments in companies with enterprise values between $100 million and $1 billion. The fifth fund has already completed 27 direct investments and 11 fund investments.
Constitution Capital Partners (“CCP”), a leading alternative investment manager focused on North American private equity and private credit, today announced the final close of Ironsides V and related segregated mandates with total commitments of $1 billion. The fundraise is CCP’s largest to date, meaningfully exceeding its target of $600 million and representing a significant increase from Ironsides IV, which closed at $755 million in December 2016.
“This latest fundraise is a testament to our team’s demonstrated track record of investing across market cycles and sectors,” said Daniel Cahill, Managing Partner. “We are grateful to our longstanding and new limited partners for their support and look forward to putting their capital to good use in quality partnership and co-investment opportunities across North America.”
“For more than three decades, we have developed deep sector expertise through fundamental research and a commitment to proactively building long-term relationships with best-in-class fund managers and high growth businesses,” said John Guinee, Managing Partner. “We look forward to continuing to execute on this strategy while serving as a preferred partner.”
As with its predecessor fund, Ironsides V will focus on investments in primary funds with $400 million to $2 billion in commitments and direct investments in companies with enterprise values between $100 million and $1 billion. To date, Ironsides V has completed 27 direct investments and 11 fund investments. Commitments to Ironsides V came from a diverse group of new and existing global investors comprised of leading public pension plans, corporates, Taft-Hartley plans, foundations, endowments, family offices and high net worth investors.
Ropes & Gray LLP provided legal counsel to Constitution Capital Partners during formation of the fund.
About Constitution Capital Partners (CCP)
Constitution Capital Partners is a leading alternative investment manager with an integrated investment model targeting the North American private equity and private credit markets. CCP is a disciplined, value-oriented investor with a demonstrated track record of consistently generating risk-adjusted returns. The firm is led by an experienced, cohesive team of investment professionals with significant experience investing in buyout partnerships, equity co-investments and direct credit. For more information about Constitution Capital Partners, please see: www.concp.com.