- Incline Equity Partners recently successfully closed the Incline Equity Partners V, L.P. and Incline Equity Partners V-A, L.P. on $1.165 billion of capital commitments
Private equity firm Incline Equity Partners recently successfully closed the Incline Equity Partners V, L.P. and Incline Equity Partners V-A, L.P. on $1.165 billion of capital commitments. Currently, 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 Glover.
The fund was oversubscribed above its initial target of $850 million after just 3 months of marketing. And 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.
“We’re very proud of the success of the Incline V fundraise and will continue growing our partnerships with investors, both legacy and new,” added Bertram.
Fund V is following the strategy of its predecessor fund called Incline Equity Partners IV, L.P. — which closed at its hard cap of $601 million of capital commitments in 2017. And 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.
Sixpoint has been a partner of Incline Equity Partners for multiple fundraises. And Sixpoint played a crucial role in Incline’s market positioning.
“The overall speed of the fundraising process speaks strongly to Incline’s achievements as a leading sponsor in the market,” explained Sixpoint Partners Larry Smith. “Increased demand from domestic and international investors has set them up to execute in Fund V and beyond.”
The Fund is seeking to make control-oriented equity investments in companies with enterprise values generally in the $100 million to $450 million range.
“Incline’s experience and highly-skilled team undoubtedly resonates with limited partners looking for trusted hands in today’s market,” stated Sixpoint Partners founder & partner Eric Zoller.
Kirkland & Ellis LLP had provided legal counsel in connection with Fund V. The Kirkland team was led by Katie St. Peters, Brian Delaney, and Nathan Jimenez. And the team also included Aalok Virmani, Bruce Ettelson, Jeffrey Kaplan, Josh Westerholm, Christopher Scully, and Daniel Meehan.
