Inverness Graham Closes Fund IV

Inverness Graham has held a first and final close of Inverness Graham Investments IV LP (IGI-IV) at $415 million. The new fund closed above its $300 million target and at its hard cap after just four months of fundraising. Inverness Graham’s earlier fund closed at $283 million in June 2015.

Investors in the new fund include both US and European pension funds, endowments and foundations, insurance companies, fund of funds and family offices. Inverness Graham did not use a placement agent for this fundraise.

“We are delighted by the outcome of fundraising for IGI-IV and appreciative of the strong support from both new and existing investors alike,” said Ken Graham, senior managing principal at Inverness Graham. “We believe this success is a testament to our experienced team, consistent and strong track record, and differentiated, repeatable model for value creation. We look forward to continuing to partner with great management teams and build businesses of enduring value.”

Inverness Graham typically invests in companies with enterprise values of less than $100 million and EBITDA between $3 and $10 million. The firm was formed by senior executives of the Graham Group, an industrial and investment concern with interests in plastics, packaging, recycling, building products and outsourced manufacturing. No platform companies have yet been acquired for the new fund.

Inverness Graham is based near Philadelphia in Newtown Square, PA (www.invernessgraham.com).

© 2019 Private Equity Professional | July 24, 2019

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