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Incline Equity Partners closes the fifth private equity fund with $1.2bn

Wednesday, January 22, 2020

Laxman Pai, Opalesque Asia:

Incline Equity Partners closed its latest private equity fund, Incline Equity Partners Fund V, with $1.2 billion of capital commitments.

The Pennsylvania-headquartered private equity firm said the fund was oversubscribed above its initial target of $850 million.

Fund V received capital commitments from several domestic and international investors, including endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions, and family offices, said the PE firm investing in specialized light manufacturing, value-added distribution and business services companies.

Investors in the fund include the $59.1 billion Pennsylvania Public School Employees' Retirement System, Harrisburg.

Fund V targets middle-market companies with multiple opportunities for growth in the value-added distribution, specialized light manufacturing, and business services sectors.

The fund will make control-oriented equity investments in companies with enterprise values in the $100 million to $450 million range.

"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," said Jack Glover, Managing Partner at Incline.

Predecessor fund Incline Equity Partners IV closed in 2017 at ......................

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