Kirkland Advises Incline on Close of Oversubscribed Ascent II Fund at $500 Million

Kirkland & Ellis advised private equity firm Incline Equity Partners (“Incline”) on the close of Incline Ascent Fund II, L.P. (“Ascent II”). Ascent II was heavily oversubscribed and closed with approximately $500 million of committed capital, significantly surpassing its initial fundraising target. The transaction was announced January 23, 2025.

Read the transaction press release

The Kirkland team included investment funds lawyers Aura Gilham, Brian Delaney, Katie St. Peters and Alice Palkovitz.