Kirkland & Ellis counseled Incline Equity Partners on the successful closing of Incline Equity Partners V, L.P. 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.
The Kirkland team was led by investment funds partners Katie St. Peters 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.