Constitution Capital Partners has held a final close of its latest fund, Ironsides III Private Equity Partnership/Co-Investment Fund, LP, with $823 million in capital commitments.
Constitution Capital Partners makes fund investments and direct investments in North America-based small to mid-cap opportunities. The firm’s limited partners are largely institutional investors, family offices and high net worth investors from the US, UK, Europe, South America and Asia. The firm is led by its founders Daniel Cahill and John Guinee and is headquartered in Boston (www.concp.com).
“We are very pleased to complete this fundraise, which marks another milestone in the evolution of Constitution Capital Partners,” said Mr. Cahill. “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.”
As with its predecessor fund, Ironsides III will focus on investments in private equity funds with $200 million to $1.5 billion in commitments and direct co-investments that have enterprise values between $100 million and $1 billion. To date, Ironsides III has completed seven direct co-investments and three fund investments.
“Constitution Capital’s experienced, cohesive team has extensive relationships that will offer Ironsides III access to top-performing funds and direct investments in premier LBO transactions,” said Mr. Guinee. “As disciplined investors with a demonstrated record of success, we offer an effective conduit to the US 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.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-17-15
