Inverness Graham Closes Third Lower Middle‐Market Buyout Fund at $283 Million
Philadelphia, PA, June 4, 2015 – Inverness Graham, a private investment firm that specializes in strategic platform builds of high growth technology enabled businesses, has held the final closing of Inverness Graham Investments III (“IGI‐III”) with $283 million of total capital commitments. The new fund was oversubscribed, eclipsing its initial target of $225 million by over $50 million and completing the fundraise in just over six months. The firm did not use a placement agent.
IGI‐III will continue the successful strategy employed by Inverness Graham’s first two funds, investing in lower middle market buyouts of high growth, technology enabled businesses with a buy and build approach, and leveraging the 50‐year operating history of the Graham Group. The firm typically invests in companies with enterprise values of less than $75 million and EBITDA between $3 and $10 million.
“We are very fortunate to have received such strong support from our existing investor base and we appreciate our new investors, with whom we look forward to building long‐term relationships,” said Ken Graham, Managing Principal at Inverness Graham. “We believe our strong track record, operational resources, and differentiated, repeatable model for value creation set us apart in the lower middle market and provide a foundation for durable competitive advantage.”
IGI‐III’s limited partner base consists of leading pension funds, endowments and foundations, insurance companies, fund of funds and family offices.
About Inverness Graham
Headquartered in Newtown Square, PA, with over $500 million of assets under management, Inverness Graham is a private investment firm that specializes in strategic platform builds of high growth technology enabled businesses. Our approach is as unique as our heritage. Founded by senior executives of the Graham Group, a family owned multi‐national industrial and technology concern, we bring unparalleled resources developed over a 50 year operating history to support our portfolio companies. Inverness Graham partners with businesses to provide the financial and operational support necessary to accelerate growth while enabling owners to achieve their key liquidity objectives.