Incline is the latest mid-sized private equity firm to be added to Petershill’s portfolio.

Goldman Sachs’ Petershill unit, which buys stakes in alternative asset managers, has acquired a stake in Incline Equity Partners, a Pittsburgh-based private equity firm, the firms announced Thursday.

While terms of the deal were not disclosed, Incline said it’s a passive, minority investment. Joining with Goldman gives Incline, which says it has raised about $2.8 billion, access to Goldman’s much larger network of investors for future fundraising and finding new investors.

“This transaction marks the next phase in Incline’s growth,” Jack Glover, managing partner of Incline, said in a statement. “With additional capital and a world-class partner, we look forward to accelerating the execution of our strategy, while continuing to develop the culture and team that have contributed to our success.”

Read more/Source: Institutional Investor