Incline Equity Partners has closed its fourth fund with $601.1 million in capital commitments. Incline Equity Partners IV LP closed at its hard cap and exceeded its $450 million target. Incline Equity’s third fund collected $301 million in 2013. Sixpoint Partners was the placement agent. Kirkland & Ellis LLP provided legal counsel. Incline Equity, of Pittsburgh, invests in lower middle-market growth companies in a variety of industry sectors such as value-added distribution, specialized light manufacturing and business services.