The Fund is a Delaware limited liability company that is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end, non-diversified, management investment company. The Fund is offering units of limited liability company interest of the Fund (the “Units”) to, in addition to Ironwood Multi-Strategy Fund LLC (the “Feeder Fund”), retail and institutional investors. The Units are registered under the Securities Act of 1933, as amended (the “Securities Act”), but are subject to substantial limits on transferability and resale. The Feeder Fund is the largest single investor in the Fund and currently has a majority of the Fund’s Units. Ironwood may form other entities in the future that directly or indirectly invest in the Fund.
News and Notices
Ironwood Capital Management
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
Apr 28, 2025
10:04
Compliance
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Ironwood Institutional Multi-Strategy Fund reported its annual proxy voting information for the 2026 reporting year ended June 30, 2026, listing no other included managers and no series. Investors receive annual voting disclosure covering that period.
Nov 26, 2024
10:11
Fees, Redemptions
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Ironwood Institutional Multi-Strategy Fund is offering to repurchase up to $1.4 billion of interests, representing 20% of July 31 net asset value. Requests are due September 25, 2026; interests held under one year incur a 5% fee.
Dec 06, 2023
09:59
Redemptions
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Ironwood Institutional Multi-Strategy Fund accepted all 119,207 units tendered in its repurchase offer, representing $163.2 million of net asset value calculated as of June 30, 2026.
Jun 02, 2026
13:46
Ownership, Personnel, Redemptions
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Ironwood Institutional Multi-Strategy Fund reported Director of Investment Adviser Frederick Gans sold 126.3341 units at $1,306.061 each on July 1, 2026. He directly owned 1,478.7499 units afterward; values used May 31, 2026 net asset value because transaction-date values were unavailable.
Mar 26, 2024
15:23
Marketing Materials, Ownership, Redemptions
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Ironwood Institutional Multi-Strategy Fund LLC is offering to repurchase up to approximately 20% of outstanding Units at June 30, 2026 NAV, with tenders due by March 27, 2026 and a 5% Early Repurchase Fee for Units held under one year. Accepted Units will be retired, and non-tendering Members may see their relative ownership increase.
Sep 06, 2025
10:53
Distributions, Redemptions
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Ironwood Institutional Multi-Strategy Fund reported final tender offer results: 158,322.784 Units were validly tendered and all were accepted, representing $194.3 million of net asset value calculated as of December 31, 2025. Cash payments were made on or about January 27, 2026, with a later Subsequent Payment due for Members who tendered 95% or more of their Units.
Sep 15, 2023
13:38
Personnel, Subscriptions
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William John Phillips, Officer of Investment Adviser to Ironwood Institutional Multi-Strategy Fund, acquired 139.5423 Units at $1,289.9317 per Unit, increasing direct ownership to 390.7463 Units. The change reflects holdings adjusted using the most recent calculated NAV per share as of 11/30/2025.
Dec 29, 2023
10:21
Other
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Ironwood Institutional Multi-Strategy Fund reported annual fund voting activity for 2025, signed by Jonathan Gans, Principal Executive Officer, as of August 29, 2025.
Nov 27, 2024
16:48
Fees, Redemptions, Subscriptions
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Ironwood Institutional Multi-Strategy Fund LLC filed a registration statement to offer $1.24 billion in limited liability company interests with a 1.20% advisory fee and 5.00% early repurchase fee within a one-year lock-up. Units are illiquid and repurchases discretionary.
Jun 27, 2025
12:32
Redemptions
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Ironwood Institutional Multi-Strategy Fund LLC is offering to repurchase up to approximately 20% of outstanding Units at December 31, 2025 net asset value, less any 5% Early Repurchase Fee for Units held under one year. Members must tender by September 26, 2025, with proceeds generally paid in cash or promissory notes after the Repurchase Date.
Preview
Ironwood Institutional Multi-Strategy Fund
Ironwood Capital Management is responsible for managing Ironwood Institutional Multi-Strategy Fund.
Ironwood Institutional Multi-Strategy Fund launched in 2011.
Ironwood Institutional Multi-Strategy Fund is registered as a '40 Act fund.
Ironwood Institutional Multi-Strategy Fund is structured as a Tender Offer CEF fund.
You can invest in Ironwood Institutional 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 Institutional Multi-Strategy Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Ironwood Institutional Multi-Strategy Fund semi-annually, subject to redemption limits and notice requirements.
Shares of Ironwood Institutional Multi-Strategy Fund can be purchased in USD.
Ironwood Institutional Multi-Strategy Fund's fiscal year end is April 30.
Ironwood Institutional Multi-Strategy Fund's net asset value was $6,688.3 million and its portfolio had a fair value of $6,749.1 million as of April 30, 2026.
Among other deal types, Ironwood Institutional Multi-Strategy Fund primarily makes Fund Investments.
Among other asset classes, Ironwood Institutional Multi-Strategy Fund primarily invests in Hedge Fund.
Among other regions, Ironwood Institutional Multi-Strategy Fund primarily invests in Asia and Globally.
Ironwood Institutional Multi-Strategy Fund charges a 1.20% annual management fee, which is calculated based on NAV.
You can invest in IIMS-I shares with a minimum initial investment of $50,000.
You can invest in IIMS-I shares with a minimum subsequent investment of $10,000.
You will be subject to paying an early repurchase/redemption fee of 5%.
Ironwood Institutional Multi-Strategy Fund's IIMS-I share class generated an annualized 1-month return of 16.25% and since-inception return of 6.37% as of April 30, 2026.
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