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.