Ironwood Multi-Strategy Fund LLC is a Delaware limited liability company registered under the Investment Company Act of 1940 as a closed-end, non-diversified management investment company. The Fund seeks capital appreciation with limited variability of returns and operates as a feeder fund investing substantially all of its assets in Ironwood Institutional Multi-Strategy Fund LLC, the Master Fund. The Master Fund follows a fund-of-hedge-funds strategy, allocating capital primarily across relative value, market neutral and hedged equity, event-driven, and distressed & credit strategies through a diversified group of underlying hedge funds. Ironwood Capital Management serves as investment adviser and focuses on low-volatility, multi-manager portfolios designed to maintain low correlation to broader equity and debt markets.
News and Notices
Ironwood Capital Management
Ironwood Institutional Multi-Strategy Fund
2011
'40 Act
Tender Offer CEF
USD
Semi-Annually
Daily
1.20%
April 30
News and Notices
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Notices
Date
Time (ET)
Notice Type
Source
Notice
Mar 28, 2024
10:08
Compliance
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Ironwood Multi-Strategy Fund provided its 2026 annual proxy voting notice report for the period ended June 30, 2026, identifying no series in the report. Investors are directed to Ironwood Institutional Multi-Strategy Fund’s related proxy voting report dated August 28, 2026.
May 26, 2024
10:13
Fees, Redemptions
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Ironwood Multi-Strategy Fund launched a tender offer to repurchase 20% to 39.4% of outstanding interests for requests received by September 25, 2026, at December 31, 2026 net asset value, subject to a 5% fee for holdings under one year.
Aug 06, 2024
09:54
Redemptions
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Ironwood Multi-Strategy Fund reported final tender offer results, accepting all 59,371.487 units tendered, valued at $79.8 million as of June 30, 2026; cash payments were wired around July 23, with any remaining 95% tender payments after October 28, 2026.
Jun 26, 2023
15:18
Redemptions
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Ironwood Multi-Strategy Fund is offering to repurchase Units at NAV on June 30, 2026, up to about 20% of Master Fund Units outstanding, with a 5% early repurchase fee on Units held less than one year. Tendering Members may receive cash or, if elected and available, Master Fund Units.
Apr 06, 2024
11:06
Redemptions
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Ironwood Multi-Strategy Fund reported final tender offer results: 65,414.990 Units were validly tendered and accepted, representing $79.1 million of NAV calculated as of December 31, 2025. Payments were made on or about January 27, 2026, with a 5% Early Repurchase Fee applying to certain Units held less than one year.
Sep 17, 2023
13:30
Compliance
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The fund adopted amended and restated indemnification agreements for certain Directors, Officers and employees, replacing prior forms and broadening coverage in the updated documents. The agreements provide advancement and exculpation protections, subject to customary exclusions and limitations.
Apr 29, 2025
10:21
Other
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Ironwood Multi-Strategy Fund LLC’s N-PX directs readers to Ironwood Institutional Multi-Strategy Fund LLC’s related proxy voting report for the 2025 period ended June 30, 2025. It provides no additional investor operational update beyond that cross-reference.
Jul 27, 2025
16:57
Redemptions, Subscriptions
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Ironwood Multi-Strategy Fund LLC filed a registration to offer up to $1.24 billion in units, with no initial sales charge, targeting accredited or qualified investors. Units are non-redeemable and repurchases depend on the Master Fund’s corresponding tender offers, which historically have ranged from 10-20% biannually.
Dec 27, 2024
12:32
Redemptions
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Ironwood Multi-Strategy Fund LLC is offering to repurchase up to approximately 20% of its Units, with a July 31, 2025 NAV of $2.9 billion and $1,213.74 per Unit. Tendering Members may receive payment at NAV less a 5% Early Repurchase Fee on Units held under one year, with settlement potentially deferred beyond the Repurchase Date.
Dec 07, 2023
08:32
Redemptions
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Ironwood Multi-Strategy Fund completed its tender offer, with 66,105.220 Units validly tendered and accepted for repurchase at a June 30, 2025 NAV of $79.5 million.
Preview
Ironwood Multi-Strategy Fund
Ironwood Capital Management is responsible for managing Ironwood Multi-Strategy Fund.
Ironwood Multi-Strategy Fund launched in 2011.
Ironwood Multi-Strategy Fund is registered as a '40 Act fund.
Ironwood Multi-Strategy Fund is structured as a Tender Offer CEF fund.
You can invest in Ironwood Multi-Strategy Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Ironwood Multi-Strategy Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Ironwood Multi-Strategy Fund semi-annually, subject to redemption limits and notice requirements.
Shares of Ironwood Multi-Strategy Fund can be purchased in USD.
Ironwood Multi-Strategy Fund's fiscal year end is April 30.
Ironwood Multi-Strategy Fund's net asset value was $3,434.5 million and its portfolio had a fair value of $3,441 million as of April 30, 2026.
Among other deal types, Ironwood Multi-Strategy Fund primarily makes Fund Investments.
Among other asset classes, Ironwood Multi-Strategy Fund primarily invests in Hedge Fund of Funds.
Among other regions, Ironwood Multi-Strategy Fund primarily invests Globally.
Ironwood Multi-Strategy Fund charges a 1.20% annual management fee, which is calculated based on NAV.
You can invest in IMS-I shares with a minimum initial investment of $50,000.
You can invest in IMS-I shares with a minimum subsequent investment of $10,000.
You will be subject to paying an early repurchase/redemption fee of 5%.
Ironwood Multi-Strategy Fund's IMS-I share class generated an annualized 1-month return of 15.35% and since-inception return of 5.57% as of April 30, 2026.
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