Incline Closes $1.9B Fund for Mid-Market Investments
Incline Equity Partners, a private equity firm focused on investments across the middle market, has held the final close of Incline Equity Partners VI, with more than $1.9 billion aggregate capital commitments, easily surpassing its initial target.
The fundraising includes participation by the firm’s GPs and employees of more than $120 million, representing a commitment of over 6%.
The fund will continue the firm’s strategy of investing in “durable businesses with multiple ways to win” across the value-added distribution, business services and specialized light manufacturing sectors.
Over the last six years, the firm has been on an aggressive fundraising campaign, hauling in $600 million for Fund IV in 2017 before doubling it for Fund V in early 2020. Incline has now raised nearly $6 billion in total capital with the completion of Fund VI.
Incline typically seeks to build out established companies with growth potential, with enterprise valuations ranging from $25 million to $750 million.
“Fund VI, Incline’s largest fund to date, is a testament to the success of our exceptionally talented team and disciplined approach to strategy and execution,” said Jack Glover, Incline managing partner.
In the last year, Incline has added seven platforms to its portfolio.