Mission
Capital deployed with intention.
We allocate across US equities, Colombian equities, fixed-term deposits, and cash. Each position is held because it earns its place — not because it filled a slot in a model.
A privately held pooled fund
We manage capital with the same discipline we would want for our own.
Ironwood is built around three commitments: every cent reconciled, every change auditable, every NAV defensible. Our investors see the same numbers we see, the moment we see them.
Approach
Three commitments that shape every decision.
Vision
Patient capital, transparent operation.
Our investors are partners. We want them to understand every fee, every gain, every loss. The administration platform you can sign into shows the same numbers we use internally — nothing curated, nothing delayed.
Values
Correctness is the only luxury.
A NAV that drifts by a basis point is a NAV that is wrong. Performance fees are calculated per tranche so no investor cross-subsidises another. The ledger is append-only; nothing is ever rewritten.
Trajectory
A patient, compounding curve.
The shape below is illustrative — a stylised view of the kind of compounding our investment philosophy aims for. Actual investor statements are available inside the portal and reflect every NAV recalculation, fee accrual, and tranche movement to the cent.
202120222023202420252026
Voices
What we say to ourselves, and to you.
A NAV that drifts by a basis point is a NAV that is wrong. We refuse to publish a number we cannot reproduce.
Fund manager · founding letter
2021
Performance fees are calculated per tranche. New money should never subsidise old money, and old money should never be diluted by new money.
Investment philosophy · §3
Updated annually
Every fee, every rate, every change of mind — written down, timestamped, and never overwritten. That is the contract.
Operating principles
Adopted day one
At a glance
A short, honest summary.
- Structure
- Privately held pooled fund
- Domicile
- Colombia
- Asset classes
- US equities · CO equities · Fixed-term deposits · Cash
- Reporting
- Monthly statements · Quarterly letters · Annual K-1
- NAV cadence
- Struck nightly · live mid-day refresh
- Investor access
- Self-serve portal · two-factor required