Kirkland Advises Incline Equity Partners on Close of Two Fund Extension Platforms at Nearly $1 Billion

Kirkland & Ellis advised Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, on the closing of nearly $1 billion in capital commitments between two fund platforms – Incline Elevate Fund II, L.P. (“Elevate II”) and its second fund extension, Incline Ascent Fund, L.P. (“Ascent”).  The total capital raised includes $630 million to Elevate II and $310 million to Ascent.  Both funds were oversubscribed and substantially exceeded their initial targets.

Read the Incline press release 

The Kirkland team was led by investment funds partners Brian Delaney and Katie St. Peters and associates Nathan Jimenez and Eric Scharphorn, and also included investment funds partners Bruce Ettelson and Jeff Kaplan.