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Inverness Graham closes third lower middle-market buyout fund at USD283m

Inverness Graham has held the final closing of Inverness Graham Investments III (IGI-III) with USD283 million of total capital commitments.  

The new fund was oversubscribed, eclipsing its initial target of USD225 million by over USD50 million and completing the fundraise in just over six months. The firm did not use a placement agent.
 
IGI-III will continue the successful strategy employed by Inverness Graham's first two funds, investing in lower middle market buyouts of high growth, technology enabled businesses with a buy and build approach, and leveraging the 50-year operating history of the Graham Group.  The firm typically invests in companies with enterprise values of less than USD75 million and EBITDA between USD3 and USD10 million.
 
"We are very fortunate to have received such strong support from our existing investor base and we appreciate our new investors, with whom we look forward to building long-term relationships," says Ken Graham, Managing Principal at Inverness Graham.  "We believe our strong track record, operational resources, and differentiated, repeatable model for value creation set us apart in the lower middle market and provide a foundation for durable competitive advantage."
 
IGI-III's limited partner base consists of leading pension funds, endowments and foundations, insurance companies, fund of funds, and family offices.

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