Incline Equity Partners Closes $1.165 Billion For its Fifth Private Equity Fund

Incline Equity Partners, a private equity firm investing in specialized light manufacturing, value-added distribution and business services companies, has closed with $1.2 billion of capital in funding for its latest private equity fund, Incline Equity Partners Fund V. The fund was oversubscribed above its initial target of $850 million.

The capital commitments for Fund V came  from a number of domestic and international investors, including endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices. Investor for the fund also includes the $59.1 billion Pennsylvania Public School Employees’ Retirement System, Harrisburg. In 2017, the firm closed its predecessor fund Incline Equity Partners IV at a cap of $601 million in capital commitments.

Fund V targets middle-market companies with multiple opportunities for growth in the value-added distribution, specialized light manufacturing and business services sectors. The fund will make control-oriented equity investments in companies with enterprise values in the $100 million to $450 million range.

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.