Incline Equity Partners has announced the above-target final closing of Incline Ascent Fund II LP (Ascent II), with $500 million in committed capital.
The closing of Ascent II follows the firm’s October 2023 closing of Incline Equity Partners VI LP, which secured $1.9 billion of capital. Earlier, in January 2022, Incline closed two funds: Incline Elevate Fund II LP, a $630 million fund focused exclusively on the lower middle market, and Incline Ascent Fund LP, which raised $310 million.
“The demand for Ascent II highlights our ongoing strategy to partner with growing middle-market companies,” said Jack Glover, the managing partner of Incline. “We exceeded our fundraising goal due in large part to the support from our investor base and want to thank them for their confidence in our approach. We remain committed to driving value for our investors, companies, and employees.”
Through Incline’s family of funds, the firm invests in middle-market businesses operating in the services, value-added distribution, and specialized light manufacturing sectors, targeting companies with enterprise values ranging from $25 million to $750 million.
Pittsburgh-headquartered Incline was formed in 2011 and is led by Mr. Glover and Senior Partner Leon Rubinov.
© 2025 Private Equity Professional | January 29, 2025
