Goldman Sachs Asset Management’s Petershill program has made a strategic investment in Incline Equity Partners, a Pittsburgh-based private equity firm.
Jack Glover, managing partner of Incline, said, “This transaction marks the next phase in Incline’s growth. With additional capital and a world-class partner, we look forward to accelerating the execution of our strategy, while continuing to develop the culture and team that have contributed to our success.”
Ali Raissi, co-head of Goldman Sachs Asset Management’s Petershill program, said, “Our aim is to partner with best-in-class firms and Incline has developed the investment and organizational capability to be properly recognized as such. We’re looking forward to this partnership and helping Incline realize continued success.”
Berkshire Global Advisors served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Incline. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Petershill.