Incline Equity Partners closes fifth fund

The Pittsburgh-based private equity firm has raised $1.17bn for its latest fund.

  • Fund name: Incline Equity Partners V
  • Amount raised: $1.17 billion
  • Target size: $850 million
  • Stage of fundraising: Final close
  • Final close date January 2020
  • Predecessor fund: Incline Equity Partners IV ($601 million)
  • Transaction size: $100 million to $450 million
  • Legal adviser: Kirkland & Ellis

Incline Equity Partners has held a final close for Incline Equity Partners V after raising $1.17 billion. The firm will focus the fund’s capital on middle-market companies within the specialized light manufacturing and business services sectors. The fund seeks to make control-oriented equity investments in companies with enterprise values generally in the $100 million to $450 million range.