- Cooley LLP served as legal advisor while PJT Park Hill served as placement agent
- Founded in 1997, Industrial Growth Partners invests in industrial middle-market companies
- IGP’s previous fund closed at $800 million in 2016
Industrial Growth Partners has closed its sixth fund at $1.2 billion.
Industrial Growth Partners Fund VI’s limited partners include returning investors as well as newer ones.
This fund follows the previous one that closed at $800 million in 2016.
Since the firm’s inception in 1997, IGP has invested in over 40 middle-market industrial companies throughout North America.
IGP has recently completed two platform investments out of Fund VI. They are: Double E: a maker of engineered web converting and web handling components and equipment; and Prince & Izant, a provider of precision engineered brazing alloys and materials utilized in critical and demanding applications.
“With Fund VI, we are excited to continue our long-standing focus on differentiated businesses across the industrial spectrum where we can partner with talented executives and management teams to drive accelerated growth and operational excellence,” said IGP in a statement. “We would like to thank our limited partners, including many long-time returning investors as well as select new investors, for their strong support. We are privileged to have you as partners and take great pride in the responsibility entrusted with IGP’s team.”
Cooley LLP served as legal advisor while PJT Park Hill served as placement agent.
Founded in 1997, Industrial Growth Partners invests in industrial middle-market companies. With the successful closing of Fund VI, IGP has raised in excess of $3.4 billion since its inception. The firm is based in San Francisco.