Constitution Capital Partners, an Andover, MA-based alternative investment manager focused on North American private equity and private credit, closed Ironsides V and related segregated mandates with total commitments of $1 billion.
The fundraise meaningfully exceeded its target of $600m representing a significant increase from Ironsides IV, which closed at $755m in December 2016. Commitments came from a diverse group of new and existing global investors comprised of public pension plans, corporates, Taft-Hartley plans, foundations, endowments, family offices and high net worth investors.
As with its predecessor fund, Ironsides V will focus on investments in primary funds with $400m to $2 billion in commitments and direct investments in companies with enterprise values between $100m and $1 billion. To date, Ironsides V has completed 27 direct investments and 11 fund investments.
Led by Daniel Cahill, and John Guinee, Managing Partners, supported by a team of investment professionals with significant experience investing in buyout partnerships, equity co-investments and direct credit, Constitution Capital Partners is an alternative investment manager with an integrated investment model targeting the North American private equity and private credit markets.