Text Wrap Image HolderCertain of the managing principals of PNC Equity Partners announced today the formation of Incline Management Corp., a private equity firm which will be independent of PNC and focused on investments in middle market growth companies. The new firm will be led by Jack Glover, Wali Bacdayan and Justin Bertram.

“We have enjoyed a great partnership with PNC since 1982 and have benefitted from having broad access to the bank’s support services. With Incline Management, we are taking the next step in our evolution as a leading lower middle-market private equity firm,” said Glover, a founding partner of Incline Management.
Glover, Bacdayan, and Bertram (who have been with PNC Equity Partners since 1996, 1997 and 1998 respectively), will also remain responsible for management of PNC Equity Partners I, L.P. and PNC Equity Partners II, L.P., a vehicle which is approximately 75 percent invested.

About Incline Equity Partners
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $30MM to $125MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business and industrial services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.

Incline Management Corporation (“IMC”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended.  Registration as an investment adviser does not imply a certain level of skill or training.  IMC provides investment advisory services only to privately offered funds.  IMC does not solicit or make its services available to the public or other advisory clients.  This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities.  The statements contained herein are not statements of any IMC client fund or investor and do not describe any experience with or endorsement of IMC as an investment adviser by any such client or investor.