Ironwood Capital raises $85m

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Ironwood Capital has raised $85 million for its Ironwood Mezzanine Fund IV, according to a SEC filing. The Avon-headquartered firm began fundraising in 2016 with a $400 million target.

Its previous fund raised $307 million in 2013.

The fund will target subordinated/mezzanine debt opportunities in consumer goods and healthcare sectors in North America.