Inverness Graham announced the final closing of Inverness Graham Investments V at $400 million, expanding the firm’s lower middle market buyout platform and bringing total assets under management to more than $1.8 billion.
The Philadelphia-based private equity firm said it has raised more than $825 million in capital commitments across all vehicles and fund strategies over the past three years. Fund V will continue the company’s strategy of partnering with founder-owned and founder-led businesses across healthcare, tech-enabled services, and advanced manufacturing.
According to Inverness Graham, the firm has more than 2 decades of experience executing control buyout investments in the North American lower-middle market. The company said the new fund will continue supporting its Strategic Platform Build approach, which focuses on operational improvements and transformative mergers and acquisitions to scale portfolio companies.
Fund V has already completed two investments, including Cognito Forms and Axcel Learning. Cognito Forms provides low-code and no-code workflow automation solutions for compliance-driven industries, including healthcare, education, and legal. Axcel Learning operates an online professional education, certification, and test preparation platform serving industries where certification exams are important for employment and career advancement.
The firm said it has continued expanding its institutional capabilities across deal sourcing, portfolio value creation, transformative M&A, and AI enablement. Inverness Graham also noted that it recently promoted several investment professionals to Partner and Principal positions and added new senior operating partners and a dedicated AI-focused executive within its Value Creation Group.
Inverness Graham currently manages two distinct investment strategies: its flagship strategy, focused on high-growth businesses, and its Green Light strategy, which targets technology-enabled companies where sustainability is a key driver of growth.
Support: Rede Partners served as the global fundraising advisor, while Latham & Watkins acted as legal counsel.
KEY QUOTE:
“The successful closing of Fund V and more than $825 million of newly raised capital across our platform are a testament to the trust and confidence that our investors place in our Strategic Platform Build approach and broader investment capabilities in the lower middle market. Fund V represents the culmination of more than two decades of productive partnership with founder-owners, and we are more energized than ever to identify and build the next generation of market-leading lower middle market businesses in North America.”
Ken Graham, Co-Founder and Chairman, Inverness Graham
