Incline Equity Partners closes on USD1.165bn PE fund
Sixpoint Partners has closed Incline Equity Partners V, and Incline Equity Partners V-A, with USD1.165 billion of capital commitments.
The Fund was oversubscribed above its initial target of USD850 million after just three months of marketing. 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.
Fund V follows the strategy of its predecessor fund, Incline Equity Partners IV, which closed at its hard cap of USD601 million of capital commitments in 2017. Fund V’s strategy focuses on middle-market durable businesses with multiple opportunities for growth in the value-added distribution, specialised light manufacturing and business services sectors. The Fund will seek to make control-oriented equity investments in companies with enterprise values generally in the USD100 million to USD450 million range. 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,” says Jack Glover, Managing Partner at Incline.
Justin Bertram, Senior Partner at Incline, adds: “We’re very proud of the success of the Incline V fundraise and will continue growing our partnerships with investors, both legacy and new.”