Ironbridge Equity Partners closes Fund III at $238 mln hard cap
Canadian private equity firm Ironbridge Equity Partners has wrapped up its third fund, Ironbridge Equity Partners III LP, in a single close. The oversubscribed fund raised its hard cap target of $238 million, surpassing an original target of $200 million, with the help of institutional and individual investors based in Canada, the United States, the United Kingdom, and the Middle East. Fund III's close comes roughly two years after the raise of Ironbridge Equity Partners II LP in April 2014. Fund III exceeded by 55 percent the $154 million in capital committed to Fund II. Toronto-based Ironbridge invests in lower mid-market companies in a range of industries. So far this year, the firm has backed Back in Motion Rehab Inc and Thermogenics Inc.
