#United States #Private Equity #Pittsburgh #Incline Equity Partners #Ascent II Fund

Incline Equity Partners Successfully Closes $500 Million Ascent II Fund

Incline Equity Partners, a prominent name in the private equity sector, has announced the successful closing of its Ascent II Fund, achieving approximately $500 million in committed capital. This closing not only marks a significant milestone but also indicates a strong demand for investment opportunities from the firm. The $500 million raise was heavily oversubscribed, showcasing an exceptional response from investors who are keen on participating in Incline's investment strategy that focuses on the middle market.

Incline’s Ascent II Fund is designed to complement its existing suite of funds, which includes flagship and extension funds. These funds focus on investing in businesses characterized as durable, with various opportunities for growth. Specifically, Ascent II will target investments in sectors such as services, value-added distribution, and specialized light manufacturing, embodying Incline’s commitment to nurturing businesses that exhibit robust potential for scalability and profitability.

Jack Glover, Managing Partner at Incline, expressed his gratitude towards their long-standing investor base, stating that their support was instrumental in exceeding the initial fundraising goal. He emphasized the firm's strategic focus continues to be on partnering with growing middle-market companies, a segment that has shown resilience and growth potential despite various market challenges.

The successful capital-raising efforts are bolstered by Incline's track record, which saw its prior fund, Incline Equity Partners VI, L.P., conclude 2023 with an impressive $1.9 billion in total capital commitments. This bodes well for Ascent II Fund as it indicates a sustained interest and trust from investors in Incline’s investment philosophy and operational strategies.

By leveraging dedicated investment teams and a robust suite of shared resources, Incline is well-equipped to manage a diverse portfolio of investments, ranging from $25 million to $750 million in enterprise value. This flexibility and breadth of scope allow Incline to tap into a wide variety of investment opportunities tailored to meet the demands of their investors while fostering growth in the companies they commit to.

Incline's strategy emphasizes creating value not only for its investors but also for the companies and employees involved. The recent announcement reflects a strong alignment between Incline’s objectives and market opportunities, ensuring that both parties can benefit from a shared vision of growth.

In conclusion, the closing of the Ascent II Fund at $500 million is a clear indicator of Incline Equity Partners’ potential to drive substantial returns in the private equity landscape. With the growing confidence from its investors and a well-defined investment strategy in place, Incline is poised to continue making impactful investments that support the growth of middle-market companies across North America.

Incline Equity Partners remains committed to its investor base, aiming to deliver long-term value and fostering a culture of collaboration and success within its portfolio of companies. As the firm moves forward, it intends to maintain its focus on investing in high-potential sectors, ensuring that it stays ahead in a dynamic investment environment.