INCE Capital Partners
INCE Capital Partners last closed a fund in July 2026 — 4 months ago. By its own rhythm, that is barely into the cycle.
INCE Capital Partners has raised 3 times about every 42 months. The last was INCE Capital Partners III, L.P. That points to Jan 2030.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 4
- Capital raised
- $859M+
- Latest close
- July 2026
- Based in
- non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| INCE Capital Partners III, L.P. | July 2026 | not stated | 0002145866 ↗ |
| INCE Capital Partners II, L.P. | July 2021 | $478M | 0001872073 ↗ |
| INCE Opportunity Fund, L.P. | July 2021 | $218M | 0001872074 ↗ |
| INCE Capital Partners, L.P. | August 2019 | $163M | 0001785584 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
JP Gan, Paul Keung
What INCE Capital Partners invests in
- Typical fund
- $218M median, early stage, Series A-B scale
- Says it invests in
- consumer
- Website
- incecap.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Alter Domus (3 funds)
- Auditor
- Deloitte (3 funds)
From Form ADV filed by INCE CAPITAL LTD. CRD 305380 ↗, latest filing April 2026, covering 3 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.