Ironton Capital’s largest ever fundraise, NDF5 (National Diversified Fund 5), brings firm’s assets under management to over $20 million.

Fundraise demonstrates confidence in Ironton’s long-established and highly effective strategy of investment, focused on specific sectors and operational improvement.


DENVER, CO, September 27, 2022— Ironton Capital (“Ironton”), an experienced real estate private equity investor, today announced that it has completed fundraising for its flagship fund, National Diversified Fund 5 (“NDF5” or the “Fund”). The Fund reached $11 million in commitments after less than six weeks in the market. The fund was extensively covered by Denver Real Estate media, especially

Together with NDF5’s companion fund, the Short-Term Income Fund, the firm has raised over $20 million in commitments in approximately three months from its limited partners.

Building on successful strategy

Following the same successful strategy as its prior NDF funds, NDF5 will deploy real estate capital across geographies, strategies, and asset classes. NDF5 will maintain its predecessor funds’ focus on Southeastern US states, while also continuing to build a presence in the Midwest.

“In our nearly 60 years of cumulative experience, one thing we know is that when you partner with outstanding business Sponsors, great results follow. The NDF5 fundraise, alongside our recent raise for its companion fund, the Short-Term Income Fund, are a testament to the trust our investors place in us, particularly in challenging global economic times,” said Lon Welsh, Founder, Managing Partner, and Co-Chair of the Investment Committee. “We are humbled by their trust and look forward to working hard every day to continue to earn it.”

Investments in NDF5 will build on Ironton Capital’s national reach, strong operational resources and the deep expertise and entrepreneurial approach of the firm’s investment professionals across several core asset classes:  Multifamily, Industrial, and Hospitality. Ironton will also continue to focus on investments where it has a strong track-record: new development and heavy value-add real estate projects.  Since its inception, Ironton has invested more than $20 million in over 40 real estate projects across 15+ states. 

“Decades of focus on operationally-intensive real estate investing is at the heart of Ironton’s track record of helping nurture and grow innovative, real estate projects,” said Vital Aileon, Managing Partner and Co-Chair of Ironton’s Investment Committee. “Our expanding portfolio support ecosystem and our in-house data science capability are examples of how we continue to implement new methods to help Sponsors achieve sustainable growth at scale.”

Majority owned by its partners

Ironton Capital is a privately held firm majority-owned by its partners. This partnership model is designed so that control of the firm rests with the people who work there, creating a shared goal that ensures Ironton is built to deliver for its investors, Sponsors, team and community. 

This press release is not an offer or solicitation of an offer, or an invitation or inducement, to invest in any Advent International fund. No person may invest in any Advent International fund except in accordance with and subject to the terms of the applicable fund documentation and applicable law.


Founded in 2017, Ironton Capital is a national real estate private equity investor. The firm has invested in over 40 private equity investments across 15+ states.  Ironton has over $20 million in assets under management. For two decades, Ironton has been dedicated to real estate investing and remains committed to partnering with Sponsors to deliver strong returns from Denver investment real estate projects.

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Chris Lopez
(303) 548-0846
[email protected]