Inverness Graham, a Philadelphia-based buyout firm focused on buying companies where technology is transforming traditional industry, announced the final closing of the Inverness Graham Green Light Fund at $238 million, exceeding its $200 million target.
This Green Light Fund represents a new fund series at Inverness Graham, utilizing the firm’s deep expertise in the lower middle market. This fund was specifically formed to pursue control buyouts of high-growth, lower middle market businesses delivering Environmental Sustainability Now – focused on meeting the growing demand for decarbonization and improved environmental outcomes today. The financial return objectives are consistent with IGI’s longstanding investment criteria.
This Green Light Fund builds on Inverness Graham’s deep-rooted commitment to environmental sustainability, tracing back to its Graham Group heritage. And this legacy includes pioneering efforts like Graham Recycling and the expertise honed at the Graham Sustainability Institute at the University of Michigan.
In the past two decades, Inverness Graham continued to refine this focus through its Strategic Platform Builds in the North American lower middle market.
This fund strategically targets companies that provide products, software or services that improve efficiency and support environmentally sustainable solutions across a range of industries. This fund is actively pursuing businesses in segments including Energy Monitoring & Management, Sustainable Packaging, Data Center Technology & Services, Supply Chain Software & Services and Managed IoT Services. For sellers, Inverness Graham is an experienced and knowledgeable partner with strong operating capabilities that can help drive accelerated growth and value creation.
So far, the Fund has completed three investments, each demonstrating both strong financial and environmental return potential. And these investments include Concord Servicing, a software-enabled platform for specialty loan servicing, with a focus on the solar and energy efficiency markets; Custom Agronomics, a manufacturer of innovative nutrient use efficiency, micronutrient and soil health products; and My Yield, a direct-to-grower specialty provider of integrated seed treatment solutions, application systems and agronomic support.
Along with anchoring support from existing investors, the successful fundraise provides further diversification for Inverness Graham’s investor base, welcoming several new U.S. and European institutional investors.
Rede Partners served as global fundraising advisor and Latham & Watkins served as legal counsel.
KEY QUOTE:
“Since our founding over 20 years ago, Inverness Graham has upheld its focus on environmental sustainability principles while deepening its investment expertise in the space. We are appreciative of the strong support from both existing and new investors and look forward to continuing to partner with founder-owners of businesses that can benefit from our Strategic Platform Build playbook to accelerate growth and deliver Environmental Sustainability Now.”
- Ken Graham, Founder & Chairman of Inverness Graham
