Australia’s Ironbridge offers LPs secondary exit route
Ironbridge Capital has launched a hybrid structure for its latest fundraising, with investors in the Australian GP’s first two funds being given the opportunity to exit their positions or roll over into a new vehicle that will continue to manage the assets.
Those that choose to participate - new or old - will also do a stapled secondary transaction, contributing additional capital to a A$250 million ($233 million) fund that will make fresh investments. ...
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