Incline Management, L.P.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 158858
· SEC file 801-72683
· Pittsburgh, PA
· WWW.INSTAGRAM.COM
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ADV data as of Apr 27, 2026
- Regulatory AUM
- $6.0B
- Discretionary
- $6.0B
- Clients
- 32
- Avg AUM / client
- $186M
- Accounts
- 32
- Employees
- 93
AUM over time
$422M
$6.0B
Nov 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 32 | $6.0B | 100.0% |
Private funds (24)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $5.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Incline Equity Partners Vi, L.P. | Private Equity Fund | Delaware | $1.2B | 77 |
| Incline Equity Partners V, L.P. | Private Equity Fund | Delaware | $807M | 75 |
| Incline Equity Partners Vi A, L.P. | Private Equity Fund | Delaware | $717M | 52 |
| Incline Elevate Fund Ii, L.P. | Private Equity Fund | Delaware | $483M | 57 |
| Incline Equity Partners V A, L.P. | Private Equity Fund | Delaware | $453M | 46 |
| Incline Elevate Fund, L.P. | Private Equity Fund | Delaware | $350M | 20 |
| Incline Ascent Fund, L.P. | Private Equity Fund | Delaware | $281M | 51 |
| Incline Equity Partners Iv Aiv, Lp | Private Equity Fund | Delaware | $238M | 58 |
| V Co Invest I, L.P. | Private Equity Fund | Delaware | $221M | 25 |
| Spi Blocker Holdings, Llc | Private Equity Fund | Delaware | $211M | 4 |
| Incline Equity Partners Iv, L.P. | Private Equity Fund | Delaware | $192M | 69 |
| Incline Elevate Fund Ii A, L.P. | Private Equity Fund | Delaware | $118M | 20 |
| V Co Invest Ii, L.P. | Private Equity Fund | Delaware | $67.2M | 13 |
| Incline Ascent Fund A, L.P. | Private Equity Fund | Delaware | $60.0M | 15 |
| Incline Elevate Fund A, L.P. | Private Equity Fund | Delaware | $54.8M | 5 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Glover, John, Carl | Managing Partner | Apr 2011 (15y) | ≈ 0% – 3.75% via Incline Management Ugp, Llc | |
| Barry, Deanna, Beth | Partner, Chief Financial Officer | Apr 2012 (14y) | Less than 5% | |
| Rubinov, Leon, Michael | Senior Partner | Jul 2018 (8y) | Less than 5% | |
| Galloway, Andrew, Daniel James | Manager | Apr 2021 (5y) | GP / trustee / elected manager of Ph Iv Offshore Advisors S.A.R.L. (indirect) | |
| Jones, William, Anthony | Manager | Apr 2021 (5y) | GP / trustee / elected manager of Ph Iv Offshore Advisors S.A.R.L. (indirect) | |
| Rausch, Gunter | Manager | Apr 2021 (5y) | GP / trustee / elected manager of Ph Iv Offshore Advisors S.A.R.L. (indirect) | |
| Goldmintz, Daniel, Y. | General Counsel & Chief Compliance Officer | May 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Incline Partners Feeder, L.P. | Limited Partner | Apr 2021 | A | 75% or more |
| Blue Owl Gp Stakes Advantage Fund (A) Lp | Limited Partner | Dec 2024 | A | 10% – 25% |
| Indigo Offshore Im Aggregator (Ph Iv) Lp | Limited Partner | Apr 2021 | A | 5% – 10% |
| Incline Management Ugp, Llc | General Partner | Jul 2018 | A | Less than 5% |
| Indigo Offshore Im Holdings (Ph Iv) Corp | Limited Partner | Apr 2021 | B | ≈ 3.75% – 10% via Indigo Offshore Im Aggregator (Ph Iv) Lp |
| Petershill Iv Offshore Scsp | Shareholder | Apr 2021 | B | ≈ 2.81% – 10% via Indigo Offshore Im Holdings (Ph Iv) Corp |
| Access Trust | Shareholder | Apr 2021 | B | 75% or more of Ph Iv Offshore Advisors S.A.R.L. (indirect) |
| Blue Owl Gp Stakes Advantage U.S. Llc | Limited Partner | Dec 2023 | B | ≈ 7.5% – 25% via Blue Owl Gp Stakes Advantage Fund (A) Lp |
| Blue Owl Gp Stakes Advantage Offshore Investors Lp | Member | Dec 2023 | B | ≈ 5.63% – 25% via Blue Owl Gp Stakes Advantage U.S. Llc |
| Blue Owl Capital Carry Lp | Member | May 2021 | B | 75% or more of Blue Owl Gp Stakes Gp Holdings Llc (indirect) |
| Blue Owl Capital Gp Holdings Llc | Managing Member | Nov 2021 | B | 75% or more of Blue Owl Capital Gp Llc (indirect) |
| Blue Owl Capital Inc. | Managing Member | Nov 2021 | B | 75% or more of Blue Owl Capital Gp Holdings Llc (indirect) |
| Nbsh Blue Investments, Llc | Limited Partner | May 2021 | B | 25% – 50% of Blue Owl Capital Carry Lp (indirect) |
| Incline Management Ugp, Llc | General Partner | Apr 2021 | B | GP / trustee / elected manager of Incline Partners Feeder, L.P. (indirect) |
| Ph Iv Offshore Advisors S.A.R.L. | General Partner | Apr 2021 | B | GP / trustee / elected manager of Indigo Offshore Im Aggregator (Ph Iv) Lp (indirect) |
| Sanne Trustees (Cayman) Limited | Trustee | Apr 2021 | B | GP / trustee / elected manager of Access Trust (indirect) |
| Blue Owl Gp Stakes Advantage Associates Lp | Manager | Dec 2023 | B | GP / trustee / elected manager of Blue Owl Gp Stakes Advantage U.S. Llc (indirect) |
| Blue Owl Gp Stakes Gp Holdings Llc | General Partner | Dec 2023 | B | GP / trustee / elected manager of Blue Owl Gp Stakes Advantage Associates Lp (indirect) |
| Nbsh Acquisition Llc | Managing Member | May 2021 | B | GP / trustee / elected manager of Nbsh Blue Investments, Llc (indirect) |
| Blue Owl Capital Gp Llc | General Partner | May 2021 | B | GP / trustee / elected manager of Blue Owl Capital Carry Lp (indirect) |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Glover, John, Carl: 50% – 75% of Incline Management Ugp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Indigo Offshore Im Holdings (Ph Iv) Corp: 75% – 100% of Indigo Offshore Im Aggregator (Ph Iv) Lp × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Petershill Iv Offshore Scsp: 75% – 100% of Indigo Offshore Im Holdings (Ph Iv) Corp × 75% – 100% of Indigo Offshore Im Aggregator (Ph Iv) Lp × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Blue Owl Gp Stakes Advantage U.S. Llc: 75% – 100% of Blue Owl Gp Stakes Advantage Fund (A) Lp × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Blue Owl Gp Stakes Advantage Offshore Investors Lp: 75% – 100% of Blue Owl Gp Stakes Advantage U.S. Llc × 75% – 100% of Blue Owl Gp Stakes Advantage Fund (A) Lp × 10% – 25% direct ≈ 5.63% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (24, $5.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Incline Equity Partners Vi, L.P. | Private Equity Fund | $1.2B | $5.0M | 77 |
| Incline Equity Partners V, L.P. | Private Equity Fund | $807M | $5.0M | 75 |
| Incline Equity Partners Vi A, L.P. | Private Equity Fund | $717M | $5.0M | 52 |
| Incline Elevate Fund Ii, L.P. | Private Equity Fund | $483M | $5.0M | 57 |
| Incline Equity Partners V A, L.P. | Private Equity Fund | $453M | $5.0M | 46 |
| Incline Elevate Fund, L.P. | Private Equity Fund | $350M | $5.0M | 20 |
| Incline Ascent Fund, L.P. | Private Equity Fund | $281M | $5.0M | 51 |
| Incline Equity Partners Iv Aiv, Lp | Private Equity Fund | $238M | $5.0M | 58 |
| V Co Invest I, L.P. | Private Equity Fund | $221M | $750K | 25 |
| Spi Blocker Holdings, Llc | Private Equity Fund | $211M | $0 | 4 |
| Incline Equity Partners Iv, L.P. | Private Equity Fund | $192M | $5.0M | 69 |
| Incline Elevate Fund Ii A, L.P. | Private Equity Fund | $118M | $5.0M | 20 |
| V Co Invest Ii, L.P. | Private Equity Fund | $67.2M | $50.0K | 13 |
| Incline Ascent Fund A, L.P. | Private Equity Fund | $60.0M | $5.0M | 15 |
| Incline Elevate Fund A, L.P. | Private Equity Fund | $54.8M | $5.0M | 5 |
| V A Co Invest I, L.P. | Private Equity Fund | $44.7M | $1.5M | 5 |
| Incline Equity Partners Iii, L.P. | Private Equity Fund | $44.0M | $5.0M | 42 |
| V Co Invest Iii, L.P. | Private Equity Fund | $25.1M | $1.3M | 8 |
| Incline Equity Partners Iii (Psers), L.P. | Private Equity Fund | $12.5M | $5.0M | 2 |
| A Co Invest I, L.P. | Private Equity Fund | $7.2M | $750K | 4 |
| Iep Ascent Executive Fund, L.P. | Private Equity Fund | $6.7M | $0 | 43 |
| Iep Elevate Ii Executive Fund, L.P. | Private Equity Fund | $3.2M | $0 | 33 |
| Iep V Executive Fund, L.P. | Private Equity Fund | $2.7M | $0 | 33 |
| Iep Vi Executive Fund, L.P. | Private Equity Fund | $2.6M | $0 | 19 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/27/2026 | 7.49 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 27, 2026.
View current Form ADV (SEC/IAPD) ↗