Continuim Equity Partners Closes Inaugural Fund Above Target
Continuim Equity Partners (“Continuim"), a Pittsburgh-based private equity firm focused on acquiring successful family-owned manufacturing and industrial businesses in our region, is pleased to announce the closing of our inaugural fund (“CEP Fund I”), representing over $80 million in new commitments. This final closing is in addition to $20 million of prior commitments. The target with CEP Fund I was to raise our committed capital to $100 million, and we have exceeded our goal with this final closing of CEP Fund I.
Since launching our firm in April of 2021, Continuim’s targeted, relationship-based sourcing strategy and continuous improvement-focused approach to growth have been well received by business owners, portfolio company management teams, employees, and investors. Continuim received strong support for CEP Fund I, which will allow us to continue our mission of creating ideal transactions for industrial business owners, supporting growth initiatives and operational excellence within portfolio companies, and generating superior risk-adjusted returns for our investors.
CEP Fund I is anchored by respected entrepreneurs and seasoned industrial executives whose knowledge and experience amplify Continuim’s ability to serve our portfolio companies and limited partners as an impactful, value-added investor.
George Pilafas, Continuim’s Managing Partner, stated “On behalf of our entire team, we want to thank our investors, advisors and the business owners that we’ve partnered with since founding our firm last year. The successful execution of our unique strategy has led to strong portfolio performance and contributed to surpassing our fundraising target for CEP Fund I. With this new capital, we endeavor to continue the success of our initial investments by partnering with management, implementing Lean manufacturing principles, increasing profitability and generating superior returns for our investors.”
Henry Watson, Continuim’s President, added “As a former owner and operator of a family-owned manufacturing business, it’s rewarding to have quickly formed such strong relationships with the prior owners of our portfolio companies and those in our pipeline. We are excited to continue partnering with family-owned industrial businesses in our region as we deploy CEP Fund I.”
Metz Lewis Brodman Must & O’Keefe provided legal counsel for CEP Fund I.