Nathan Fewel

Head, Ironclad Industrial AllianceatIronclad Growth Partners
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Connection Request

Nathan — congrats on launching Ironclad Growth Partners. been working on outbound origination with B2B software investors and your fund has been on my radar. would be good to connect.

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Nathan — though we share a PE background (you at Ironclad, me at Treis in London), I've seen first-hand how challenging early proprietary origination can be. Been helping funds like Mentmore and Wingman Growth Partners with their outbound origination — curious what email infrastructure you're using these days — still mostly on shared IPs like Instantly, or have you moved to private/dedicated senders? Happy to share what's working best for similar B2B software funds if useful. — Russ

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Nathan — hope you had a good weekend. wanted to reach out — congrats on launching Ironclad, always impressed by those who've taken the leap. though we share a PE background, I hope to one day do the same and acquire a mission-critical b2b business. in the meantime I've been working on the origination side with funds like Mentmore Capital and Wingman — curious how you're thinking about origination at Ironclad. mostly proprietary or still seeing a lot through brokers? very best, Russell linkedin.com/in/russellt23

Prospect Research

Research Notes

## PROSPECT INFORMATION: Name: Nathan Fewel Title: Head, Ironclad Industrial Alliance Fund: Ironclad Growth Partners Background: Nathan Fewel is the Co-Founder of Ironclad Growth Partners, based in the Boise Metropolitan Area. His current focus is on acquiring and scaling a single small-to-medium-sized business for long-term operation, with a specific interest in healthcare software or energy/infrastructure-related services. Background: Nathan is a veteran U.S. Navy Nuclear Submarine Officer who served aboard the USS Maine (SSBN 741). He recently completed his MBA at Stanford University Graduate School of Business (2024), where he was a LunaCap Foundation Fellow. He also holds a Master of Arts in Security Studies from Georgetown University and a Bachelor of Science from the United States Naval Academy, where he graduated in the top 3% of his class. His professional experience includes a Venture Capital Fellowship at AIN Ventures, focusing on deep-tech, aerospace, and defense. Key Skills: Nuclear engineering, operational leadership, cross-functional team management, strategic planning, Spanish (full professional proficiency), Russian (limited working proficiency), and investment evaluation. Recent Post Activity: - July 11, 2024: Announced the launch of Ironclad Growth Partners. Quote: "At Ironclad, we’re working full-time to buy and grow a small- to medium-sized business for the long-term... Our backgrounds (and personalities) are uniquely complementary. Nathan is a U.S. Navy veteran, and was formerly a nuclear submarine officer. He led teams on the highest-stakes missions and knows how to motivate a group to get the hard job done." - June 28, 2024: Shared his graduation from Stanford GSB. Quote: "The MBA program pushed me out of my comfort zone daily. From Keith Hennessey’s 'I’m Just a Bill' legislative simulation, to Steve Blank’s Lean Launchpad, to Henry Most’s Interpersonal Dynamics course, the GSB stretched me in countless ways." - July 6, 2022: Reflected on the end of his military service. Quote: "My Navy journey began in Annapolis in June 2011 and came to an end last week. I’m forever grateful for the men and women I served with, especially the extraordinary crew of the USS Maine Gold (SSBN 741). Leaving the military is more than a career transition—it’s a whole-life pivot." - February 17, 2023: Promoted the 2023 LDS MBA Conference at Stanford. Quote: "This annual MBA conference brings together prospective, current, and former MBA students to learn from business and community leaders from across the world." Fund details: - Description: Ironclad Growth Partners is led by Chapman Ellsworth and Nathan Fewel. We are entrepreneurs who are looking to buy and grow a business. Unlike private equity, we aren't investing to build a portfolio of companies. Our only focus is to buy and then run one business, helping the founder(s) to transition when the time is right. We are hyper-focused on growth and building on the legacy of business-owners. With our varied backgrounds conducting high-stakes missions on nuclear submarines and working with private software businesses, we know how to lead teams to get the job done right. - Website: https://www.ironcladgrowth.com - Location: Boise, Idaho, United States - Lead qualification: Research: - Query: =Ironclad Growth Partners Nathan Fewel recent investments fund thesis - Answer: Ironclad Growth Partners focuses on acquiring and growing small- to medium-sized businesses for the long term. Nathan Fewel and Chapman Ellsworth lead the firm. They aim to provide a people-first option for business owners.

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