Incline Equity Partners’ $1.165 Billion Fundraising

Kirkland & Ellis counseled Incline Equity Partners on the closing of Incline Equity Partners V, L.P.

Incline Equity Partners V, L.P. closed on $1.165 billion of capital commitments. The Fund was oversubscribed above its initial target of $850 million after just three months of marketing.

Fund V’s strategy focuses on middle-market durable businesses with multiple opportunities for growth in the value-added distribution, specialized light manufacturing and business services sectors. Fund V received capital commitments from a number of domestic and international investors, including endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices.

Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in specialized light manufacturing, value-added distribution and business services companies.

The Kirkland team was led by investment funds partners Katie St. Peters (Picture) and Brian Delaney, and associate Nathan Jimenez. The team also included investment funds partners Bruce Ettelson and Jeffrey Kaplan; regulatory partners Josh Westerholm and Christopher Scully; and tax partners Daniel Meehan and Aalok Virmani.

Involved fees earner: Brian Delaney – Kirkland & Ellis; Bruce Ettelson – Kirkland & Ellis; Nathan Jimenez – Kirkland & Ellis; Jeffrey Kaplan – Kirkland & Ellis; Daniel Meehan – Kirkland & Ellis; Christopher Scully – Kirkland & Ellis; Katie St. Peters – Kirkland & Ellis; Aalok Virmani – Kirkland & Ellis; Josh Westerholm – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Incline Equity Partners;