About This Fund
Industrial Growth Partners Fund VI, L.P. is the sixth flagship private equity fund raised by Industrial Growth Partners (IGP), a San Francisco, California-based middle-market buyout firm founded in 1997 and dedicated exclusively to the North American industrial sector. The fund achieved final commitments of USD 1.2 billion at close in July 2022, representing a 50% increase over the prior USD 800 million Fund V and bringing total committed capital to over USD 3.4 billion across more than 40 portfolio investments since inception. The fund is domiciled in Delaware and was advised by Cooley LLP, with PJT Park Hill as placement agent.
Fund VI continues IGP's differentiated strategy of acquiring and transforming differentiated middle-market industrial businesses in North America. The firm targets companies with strong competitive positioning in niche, defensible manufacturing segments including engineered components, precision materials, specialty chemicals, web converting equipment, and industrial services, creating value through operational improvement, strategic bolt-on acquisitions, and revenue acceleration. IGP's investment thesis centers on businesses with recurring revenue, high switching costs, and meaningful barriers to entry. Equity tickets target the mid-market buyout range, focusing on companies with strong free cash flow generation and identifiable paths to operational scale.
Fund VI is deploying capital into platform companies including Double E, a leading global provider of web converting and handling components, and Prince & Izant, a precision engineered brazing alloys manufacturer serving aerospace, automotive, and industrial end markets. With over 25 years of industrial sector specialization, IGP has built a deep network of operating executives, industry experts, and corporate acquirers across North American manufacturing and industrial services, enabling proprietary sourcing and differentiated post-acquisition value creation.