Australia’s Ironbridge alters LP secondary exit proposal
Ironbridge Capital’s LPs will not be obliged to commit capital to a new fund as a condition of participation in a vehicle set up by the Australian GP to absorb assets held by its first two funds. AVCJ understands that the proposal has been amended so existing investors have the option of rolling over their equity or exiting, with the new fund raised independently of this activity.
Ironbridge originally asked investors - both existing LPs that wanted to stay involved and new LPs replacing those deciding to exit - to contribute to a A$250 million ($233 million) vehicle that will make...
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