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Sterling Investment Partners Completes Recapitalization of XKIG with Continuation Vehicle, Backed by HarbourVest, StepStone, and ICONIQ
ByAinvest
Tuesday, Oct 28, 2025 8:37 am ET1min read
Sterling Investment Partners completed a recapitalization of XKIG, a national leader in infrastructure services for electric utilities, through a continuation vehicle. The transaction was co-led by HarbourVest Partners, StepStone Group, and ICONIQ, with additional funding from Churchill Asset Management and other investors. Sterling principals and the XKIG management team also invested in the transaction. Since Sterling's initial investment in 2022, XKIG has achieved significant growth and expanded its service capabilities nationwide.
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