Constitution Capital Partners said Jan. 11 that its latest fund closed on $755 million in total commitments. Ironsides IV was oversubscribed and exceeded the original $500 million target. Ironsides IV will focus on investments in primary funds with $200 million to $1.5 billion in commitments and direct investments with enterprise values between $100 million and $1 billion. Constitution Capital Partners, of Boston, invests in North American lower middle market buyout funds and makes direct investments in North American lower middle market companies.
BOSTON, January 11, 2017 – Constitution Capital Partners (“CCP”), a leading private equity firm focused on North American small to mid-cap buyouts, today announced the final close of Ironsides IV and related segregated mandates with total commitments of $755 million. Ironsides IV was oversubscribed and significantly exceeded the original $500 million target.
As with its predecessor fund, Ironsides IV will focus on investments in primary funds with $200 million to $1.5 billion in commitments and direct investments with enterprise values between $100 million and $1 billion. To date, Ironsides IV has completed four direct investments and seven fund investments. Commitments to Ironsides IV came from a diverse group of new and existing global investors comprised of leading public pension plans, corporates, Taft Hartley, foundations, endowments, and family offices.
“We are pleased that investors have once again placed their trust in us and are confident this capital will enable us to execute on our disciplined and value-oriented investment strategy in an opportunistic market,” said Daniel M. Cahill, Managing Partner of CCP. “We appreciate the support from our existing and new investors and sincerely thank them for their commitment to CCP.”
John J. Guinee, Managing Partner of CCP, stated, “The significant demand for our latest fund underscores the capability of our team and our unique strategy, and our consistent track record of delivering strong returns. We look forward to leveraging our industry expertise to pursue and capitalize on promising investment opportunities in primary funds and direct investments.”
CCP makes strategic investments in high quality, North American lower middle market buyout funds and makes direct investments across a variety of sectors in North American lower middle market companies. The firm currently manages approximately $2.7 billion of assets.
Ropes & Gray LLP provided legal counsel to Constitution Capital Partners during formation of the fund.
About Constitution Capital Partners (CCP)
Constitution Capital Partners, based in Boston, MA, is a private equity firm that focuses on North American small to mid-cap buyouts. CCP is a disciplined, value-oriented investor with a demonstrated track record of consistently generating top quartile returns. The firm is led by an experienced, cohesive team of investment professionals with significant experience investing in both partnerships and direct investments. For more information about Constitution Capital Partners, please see: www.concp.com.