- Leading alternative investment manager Constitution Capital Partners (CCP) announced the final close of Ironsides V and related segregated mandates with total commitments of $1 billion
Leading alternative investment manager Constitution Capital Partners (CCP) announced the final close of Ironsides V and related segregated mandates with total commitments of $1 billion. This fundraise is CCP’s largest to date and it significantly exceeds the target of $600 million. Plus it represents a significant increase from Ironsides IV, which closed at $755 million in December 2016.
As with the 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. And to date, Ironsides V has completed 27 direct investments and 11 fund investments.
The 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 for the formation of the fund.
Key Quotes:
“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.”
-CCP managing partner Daniel Cahill
“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. We look forward to continuing to execute on this strategy while serving as a preferred partner.”
-CCP managing partner John Guinee
