Incline
Private equityPittsburgh Β· Growth Β· 2 people tracked
Find your way into Incline
Investment thesis
Incline Equity focuses on durable businesses with multiple ways to win, investing in services, value-added distribution, software and technology, and specialized light manufacturing. It pursues buyouts, corporate divestitures, and minority recapitalizations of companies in the USA or Canada with enterprise values between $25MM and $750MM (no minimum for add-ons). The firm emphasizes a hands-on, collaborative model, providing dedicated teams and resources such as its Catalyst Group and Incline Intelligence to help execute tailored value creation plans covering operations, add-on acquisitions, talent development, and core functions like sales, technology, and finance.
Source: firm website, verified Sep 1, 2026.
Team Β· 2 people
from public directoriesWhat they invest in
from 2 of 13 portfolio companiesEnterprise Software Γ2Healthtech Γ1InsurTech Γ1LegalTech Γ1SaaS Γ1
HQs:United StatesΓ2
Investments Β· 13 tracked
founders shown can be your intro pathA subscription-based membership network for independent collision repair shops.
Command Investigations is a national insurance investigations firm providing surveillance, field investigations, desktop intelligence, and SIU and compliance services to carriers, third-party administrators, and self-insured entities across the United States.
Enterprise SoftwareInsurTechLegalTechSaaSLake Mary, US
Seth Markham(President and CEO)in
VMG Health is a healthcare consulting firm that has served healthcare organizations of all sizes for 30 years, providing advisory services on business performance, strategy, and regulatory matters.
Enterprise SoftwareHealthtechNashville, US
Co-investorsNorthlane Capital Partners
Fund performance Β· per public LP disclosures Β· 6
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| INCLINE ELEVATE FUND II LPLPs: Pennsylvania Public School Employees' Retirement System, University of Texas Investment Management Company | 2022 | β | -1.1% | 0.98x | β |
| Incline Equity Partners V, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2020 | β | -0.9% | 0.98x | 0.01x |
| Incline Elevate Fund, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2019 | β | 93.6% | 2.45x | 1.43x |
| Incline Equity Partners IVLPs: Pennsylvania Public School Employees' Retirement System, Texas Municipal Retirement System, Los Angeles City Employees' Retirement System | 2017 | β | 22.1% | 1.95x | 1.49x |
| Incline Equity Partners IIILPs: Pennsylvania Public School Employees' Retirement System, New York City Police Pension Fund | 2012 | β | 37.3% | 2.60x | 2.60x |
| Incline Equity Partners III (PSERS), L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2011 | β | 34.9% | 2.71x | 2.70x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Incline made?
- Incline has 13 tracked investments.
- What stage does Incline invest at?
- Incline invests at the Growth stage.
- What is Incline's typical check size?
- Incline typically writes checks of $25M β $750M.
- What sectors does Incline focus on?
- Incline focuses on SaaS, Sector Agnostic.
- Where is Incline located?
- Incline is headquartered in Pittsburgh, US.
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