Inverness Graham Exceeds Target with $238M Sustainability Fund

Philadelphia-based buyout investor Inverness Graham captured $238M in total capital commitments on the final close of its inaugural Inverness Graham Green Light Fund, the firm announced in an October 29 press release.

The buyout fund was oversubscribed, exceeding its $200M target through backing from new and existing investors from Europe and the US. The fund targets buyouts of lower-middle-market businesses that provide environmentally sustainable solutions across the products, software and services sectors, particularly in energy monitoring and management, sustainable packaging, data center technology and services, supply chain software and services and managed IoT services.

Inverness said its fund has already made investments in three companies: specialty loan software platform Concord Servicing, nutrient soil manufacturer Custom Agronomics, and seed treatment specialty provider My Yield.

Rede Partners acted as global fundraising advisor and Latham & Watkins LLP as legal counsel.

View the press release here.