Overview
Iron Triangle is a Delaware limited partnership formed on February 11, 2019. The general partner
of Iron Triangle is Iron Triangle Partners GP LLC, a Delaware limited liability company. Kevin
Molloy, as the managing member and principal owner of Iron Triangle Partners GP LLC, controls
Iron Triangle.
The investment activities of Iron Triangle are led by Kevin Molloy (“Portfolio Manager”) together
with other investment professionals who assist in executing the investment strategy.
Iron Triangle organized and provides discretionary investment advice to, the following private funds:
(i) Iron Triangle Fund LP (the “Onshore Fund”), a Delaware limited partnership;
(ii) Iron Triangle Master Fund LP (the “Master Fund”), a Cayman Islands exempted limited
partnership; and
(iii) Iron Triangle Offshore Fund Ltd. (the “Offshore Fund”), a Cayman Islands exempted
company (collectively, the Onshore Fund, Master Fund and Offshore Fund are referred to
as the “Funds”).
The Onshore Fund and the Offshore Fund conduct all investing and trading activities through, and
invest all investable assets in, the Master Fund.
In providing services to the Funds,
Iron Triangle, among other things: (i) manages the Funds’ assets
in accordance with the terms of the applicable governing documents; (ii) formulates investment
objectives; (iii) directs and manages the investment and reinvestment of the Funds’ assets; and (iv)
provides periodic reports to investors. Iron Triangle provides investment advice directly to the
Funds and not individually to the Fund’s investors. Investment restrictions for the Funds, if any,
are generally established in the applicable Fund’s governing document.
The Master Fund’s principal investment objective is to generate investment returns while seeking
to minimize market risk. The Master Fund generally seeks to accomplish its objective through
publicly-trade equity investments in the healthcare industry, using a low net exposure strategy.
Iron Triangle is also the subadviser to four private funds. The subadvised private funds have the
same investment objective as the Master Fund. Iron Triangle seeks to operate the Funds and the
subadvised private funds on a pari passu basis.
As of December 31, 2023, Iron Triangle managed approximately $1.1 billion on a discretionary
basis.