Inverness Graham Closes Inaugural Green Light Fund Above Target at $238m

Inverness Graham (“IGI”), a Philadelphia-based buyout firm, announced the final close of the Inverness Graham Green Light Fund at $238 million, exceeding its $200 million target. The Fund was specifically formed to pursue control buyouts of high-growth, lower middle market businesses delivering “Environmental Sustainability Now” – focused on meeting the rapidly growing demand for decarbonization and improved environmental outcomes today. Financial return objectives are consistent with IGI’s longstanding investment criteria.

We are pleased to have supported Inverness Graham Investments, a Philadelphia-based buyout firm focused on acquiring innovative companies where technology is transforming traditional industry, on the on final close of its Inverness Graham Green Light Fund at $238 million, exceeding its $200 million target. The Fund was formed to pursue control buyouts of high-growth, lower middle market businesses delivering “Environmental Sustainability Now” – focused on meeting the rapidly growing demand for decarbonization and improved environmental outcomes today. Financial return objectives are consistent with IGI’s longstanding investment criteria.

The Green Light Fund represents a new fund series at Inverness Graham, leveraging the Firm’s deep expertise in the lower middle market. In addition to the anchor support from existing investors, the successful fundraise provides further diversification for Inverness Graham’s investor base, welcoming several new U.S. and European institutional investors. In total, $160 million was raised from investors new to the Inverness Graham platform.

The Green Light Fund builds on Inverness Graham’s long-standing commitment to environmental sustainability and targets companies that provide products, software or services that improve efficiency and support environmentally sustainable solutions across a range of industries. At present, the Fund is actively pursuing businesses in segments including Energy Monitoring & Management, Sustainable Packaging, Data Center Technology & Services, Supply Chain Software & Services and Managed IoT Services.

Rede Partners is proud to have partnered with Inverness Graham on this successful fundraise.

Since the launch of its first specialist Sustainability-oriented fundraise in 2013, Rede’s dedicated Climate & Impact business has rapidly established itself as a leader in this emerging field. To date, Rede Climate & Impact has advised on 15 Impact-focused engagements, and closed €8.5 billion of capital for Impact funds from more than 300 LPs globally. In line with increasing LP demand for Impact-focused strategies, the Rede Impact team has grown to comprise seven professionals, each with specialist Impact and fundraising expertise.

Read the Private Markets Sustainability and Impact Report here.