Incline Equity Partners has closed its fifth fund at $1.165 billion. The limited partners of Incline Equity Partners V include endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices. Sixpoint Partners advised on the fundraising while Kirkland & Ellis LLP provided legal counsel in connection with Fund V. Based in Pittsburgh, Incline Equity invests in the lower-middle market.
NEW YORK–(BUSINESS WIRE)–Sixpoint Partners, a leading global investment bank serving the middle-market, is pleased to announce the successful closing of Incline Equity Partners V, L.P. and Incline Equity Partners V-A, L.P. (together, the “Fund” or “Fund V”) on $1.165 billion of capital commitments. The Fund was oversubscribed above its initial target of $850 million after just three months of marketing. Fund V received capital commitments from a number of domestic and international investors, including endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices.
Fund V follows the strategy of its predecessor fund, Incline Equity Partners IV, L.P., which closed at its hard cap of $601 million of capital commitments in 2017. Fund V’s strategy focuses on middle-market durable businesses with multiple opportunities for growth in the value-added distribution, specialized light manufacturing and business services sectors. The Fund will seek to make control-oriented equity investments in companies with enterprise values generally in the $100 million to $450 million range. The firm is led by its senior partners, Jack Glover, Justin Bertram and Leon Rubinov.
“We are extremely grateful for the demand and support generated from our limited partners in Fund V. Incline looks forward to building on our track record as a leading player in the middle-market investment community by remaining focused on producing value for our portfolio companies and investors in Fund V,” said Jack Glover, Managing Partner at Incline.
Justin Bertram, Senior Partner at Incline, added “We’re very proud of the success of the Incline V fundraise and will continue growing our partnerships with investors, both legacy and new.”
“The overall speed of the fundraising process speaks strongly to Incline’s achievements as a leading sponsor in the market,” said Larry Smith, Partner at Sixpoint Partners. “Increased demand from domestic and international investors has set them up to execute in Fund V and beyond.”
“Incline’s experience and highly-skilled team undoubtedly resonates with limited partners looking for trusted hands in today’s market,” added Eric Zoller, Founder & Partner at Sixpoint Partners.
Kirkland & Ellis LLP provided legal counsel in connection with Fund V.
About Incline Equity Partners
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in specialized light manufacturing, value-added distribution and business services companies. Incline is seeking growing companies with enterprise values generally in the $25 – $450 million range. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
For more information, please visit www.inclineequity.com
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on delivering strategic advisory and fundraising solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement and strategic advisory, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco and Austin. Investment banking and other advisory activities are provided by Sixpoint Partners LLC (“Sixpoint”) a registered broker-dealer and a member of FINRA and SIPC. For more information, please visit www.sixpointpartners.com.