(TORONTO, Jan 6, 2014) – Ironbridge Equity Partners (“Ironbridge”) has completed a second closing from US and Canadian institutional investors, adding approximately $45 million of commitments to its second private equity fund, Ironbridge Equity Partners II, LP (the “Fund”). In less than six months of marketing, the Fund has received total commitments of over $90 million against a target of $125 million and an approximate hard cap of $150 million in capital. The Fund closed its first investment, Frischkorn Audio-Visual Corp., in October 2013.
Ironbridge’s team of seven professionals invests in Canadian lower middle-market businesses operating in a broad range of industries including manufacturing, distribution, and consumer and business products and services. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams of its portfolio companies to enhance value.
Elm Capital is acting as the exclusive placement agent for the Fund.
For more information, contact:
Ironbridge Equity Partners
Elm Capital Associates Ltd
Elm Capital USA Ltd