About This Fund
Industrial Growth Partners VI, L.P. is a $1.2 billion middle-market private equity fund managed by Industrial Growth Partners (IGP), a San Francisco-based firm founded in 1997 that focuses exclusively on acquiring and building industrial businesses across North America. The fund closed in August 2022, representing a 50% increase over its predecessor $800 million Fund V and bringing IGP's total equity capital raised since inception to over $3 billion. Fund VI continues IGP's two-decade heritage of partnering with experienced management teams to transform differentiated businesses across the industrial spectrum.
Industrial Growth Partners VI employs a buyout and growth capital strategy targeting middle-market industrial manufacturing businesses in North America, with a particular focus on engineered products, specialized materials, and industrial technology. The fund pursues a range of transaction types including management buyouts, corporate divestitures, leveraged buyouts, and recapitalizations, with equity check sizes suited to the lower and mid-market. IGP's operating playbook combines strategic M&A, operational improvements, and international expansion to drive value creation, typically working alongside founder-owned or management-led businesses with strong competitive positions in niche industrial markets.
Industrial Growth Partners has invested in over 40 middle-market industrial companies since its founding in 1997. Fund VI has deployed capital into companies including precision brazing alloys and web converting equipment manufacturers, illustrating the firm's focus on niche industrial products with defensible market positions. IGP's funds are supported by placement agent PJT Park Hill, and Fund VI attracted a mix of returning long-time investors and select new institutional LPs, reflecting the firm's standing as one of the most active dedicated industrials-focused private equity managers in the United States.