Incline Equity Partners (“Incline”), a prominent private equity firm focused on middle market investments, has announced the successful closing of its Incline Ascent Fund II, L.P. (“Ascent II”). The fundraise significantly exceeded its initial target, closing at approximately $500 million due to substantial oversubscription. The Incline partners and employees also demonstrated strong commitment through meaningful participation in Ascent II’s capital.
Ascent II is designed to complement Incline’s flagship and extension funds, reinforcing the firm’s established strategy of investing in Durable Businesses with Multiple Ways to Win®. This strategy centers on companies within the services, value-added distribution, and specialized light manufacturing sectors. The successful closing of Ascent II follows the previous raise of Incline Equity Partners VI, L.P., which secured over $1.9 billion in aggregate capital commitments in 2023. Incline’s operational structure allows investment teams to leverage shared resources across all funds, enabling investments ranging from $25 million to $750 million in enterprise value.
Jack Glover, Managing Partner at Incline Equity Partners, commented on the fund closing, stating, “The exceptional demand for Ascent II further validates our continued strategy of partnering with growing middle market companies.” He further added, “Exceeding our fundraising goal is a testament to the strong support from our long-term investor base, and we extend our gratitude for their ongoing confidence in our approach. We remain dedicated to generating significant value for our investors, portfolio companies, and employees.”
About Incline Equity Partners:
Incline Equity Partners is a leading private equity firm that strategically invests in middle market companies, focusing on sectors including services, value-added distribution, and specialized light manufacturing. The firm typically seeks growing businesses with enterprise values between $25 million and $750 million. Incline’s investment activities primarily involve ownership transitions in privately held businesses, buyouts, and corporate divestitures within the U.S. and Canada.
Disclaimer:
Incline Management, L.P. (“IMLP”) is registered as an investment adviser with the U.S. Securities and Exchange Commission. This registration does not indicate any specific level of skill or training. IMLP exclusively offers investment advisory services to privately offered funds and does not solicit or extend its services to the general public or other advisory clients. This announcement is for informational purposes regarding Incline’s capabilities for potential portfolio companies and does not constitute an offer to sell or a solicitation to buy securities. The statements herein are not representative of any IMLP client fund or investor and do not reflect any experience with or endorsement of IMLP as an investment adviser by any client or investor.
SOURCE Incline Equity Partners
