PITTSBURGH, PA – January 23, 2025 – Incline Equity Partners, 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 fund, which was significantly oversubscribed, reached its hard cap with approximately $500 million in capital commitments, exceeding its initial fundraising target. This successful fundraise includes substantial participation from the Incline Partners and employees, demonstrating strong internal alignment and confidence in the firm’s strategy.
Ascent II is designed to complement Incline’s flagship and extension funds, further strengthening the firm’s investment approach in “Durable Businesses with Multiple Ways to Win®” across key sectors. These sectors include services, value-added distribution, and specialized light manufacturing, areas where Incline Partners has demonstrated deep expertise and a strong track record. The launch of Ascent II follows the successful closing of Incline Equity Partners VI, L.P. in 2023, which secured over $1.9 billion in aggregate capital commitments. This family of funds allows Incline to maintain a flexible investment strategy, deploying dedicated investment teams and leveraging extensive shared resources. This structure enables Incline to effectively invest across a broad range of enterprise values, from $25 million to $750 million.
Jack Glover, Managing Partner at Incline Equity Partners, commented on the successful fundraise: “The overwhelming demand for Ascent II underscores the continued effectiveness of our strategy in partnering with high-growth middle market companies. Exceeding our fundraising goal is a testament to the strong and enduring support from our valued investor base. We extend our sincere gratitude for their ongoing confidence in our approach. At Incline Partners, we remain dedicated to generating significant value for our investors, portfolio companies, and our employees.”
About Incline Equity Partners
Incline Equity Partners is a leading private equity firm committed to investing in premier middle market companies within the services, value-added distribution, and specialized light manufacturing industries. Incline typically seeks companies exhibiting strong growth potential and enterprise values ranging from $25 million to $750 million. The firm specializes in ownership transitions for privately held businesses, buyouts, and corporate divestitures within the U.S. and Canada. With a proven investment strategy and a focus on building long-term value, Incline Partners continues to be a trusted partner for middle market businesses seeking growth and transformation.
