Ironbridge Equity Partners raises $90 mln in second closing of Fund II
In less than six months of marketing, Canadian private equity firm Ironbridge Equity Partners has completed the second close of Ironbridge Equity Partners II LP, raising $90 million in total. The fund, which is targeted at $125 million in commitments and an approximate hard cap of $150 million, completed its $50 million first closing in Sept. 2013. Ironbridge began investing new partnership capital last October when the firm made a platform investment in Mississauga, Ont.-based Frischkorn Audio-Visual Corp, a provider of audio-visual services to corporate clients. The Toronto-based Ironbridge, which is managed by seven investment professionals, focuses on lower middle-market businesses operating in a range of industries including manufacturing, distribution, and consumer and business products and services.
