Constitution Capital Partners said Wednesday that it closed its third fund at $823 million in commitments. Ironsides III Private Equity Partnership/Co-Investment Funds will focus on investments in primary funds with $200 million to $1.5 billion in commitments and direct co-investments with enterprise values between $100 million and $1 billion. So far, Ironsides III has closed seven direct co-investments and three fund investments. Boston-based Constitution Capital targets North American small to mid-cap buyouts.
BOSTON, June 17, 2015 – Constitution Capital Partners, a leading private equity firm focused on North American small to mid-cap buyouts, today announced it has raised $823 million in private equity commitments with the final close of the Ironsides III Private Equity Partnership/Co-Investment Funds and related segregated mandates.
As with its predecessor fund, Ironsides III will focus on investments in primary funds with $200 million to $1.5 billion in commitments and direct co-investments with enterprise values between $100 million and $1 billion. To date, Ironsides III has completed seven direct co-investments and three fund investments.
“We are very pleased to complete this fund raise, which marks another milestone in the evolution of Constitution Capital Partners,” said Daniel M. Cahill, Managing Partner, Constitution Capital Partners. “We believe the significant investor interest in Ironsides III is testament to the soundness of our investment strategy and our disciplined investment process. I want to thank our over 55 returning and new investors for their commitment to Ironsides III and to our firm.”
“Constitution Capital’s highly experienced, cohesive team has extensive relationships that will offer Ironsides III access to top-performing funds and direct investments in premier LBO transactions,” said John J. Guinee, Managing Partner, Constitution Capital Partners. “As disciplined investors with a demonstrated record of success, we offer an effective conduit to the U.S. middle market for limited partners within and outside of North America. As we invest Ironsides III, we will continue our focus on providing our investors with premier investments in this attractive asset class.”
Ropes and Gray, LLP provided legal counsel to Constitution Capital Partners during formation of the fund.
About Constitution Capital Partners
Based in Boston, Constitution Capital Partners is a private equity firm focused on North American small to mid-cap buyouts. The firm’s limited partners are leading institutional investors from the U.S., UK, Europe, South America and Asia, as well as family offices and high net worth investors from throughout these markets. Constitution Capital Partners manages segregated accounts for the Universities Superannuation Scheme (USS) and a limited number of other large institutions.
Constitution Capital is a disciplined, value-oriented investor with a demonstrated track record of consistently generating top quartile returns. The firm is managed by nine investment professionals with 145 years of collective investment experience investing in both partnerships and direct investments. As of June 2015, the team has managed over $3.0 billion in committed capital, including $1.3 billion at prior firms and invested in 24 partnerships and 26 direct co-investments. For more information, please visit www.concp.com.