Continuim Equity Partners Closes Oversubscribed Fund II at $247 Million
Continuim Equity Partners (“Continuim”), a Pittsburgh-based private equity firm focused on acquiring manufacturing and industrial businesses, is pleased to announce the final closing of its second fund, Continuim Equity Partners Fund II, LP (together with its parallel investment vehicles, “Fund II”), with total commitments of $247 million, which was raised over a period of nine months. Fund II was significantly oversubscribed relative to its hard cap of $230 million.
Continuim plans to build on the success and focus of its first investment fund, CEP Fund I (“Fund I”) by pursuing operational excellence and lean manufacturing initiatives with each investment, and by partnering with management teams to implement Continuim’s Operational Playbook, the Efficiency Driven Growth Engine (“EDGE”). Consistent with Fund I, Fund II will focus on acquiring manufacturing and industrial businesses that we believe will significantly benefit from Continuim’s EDGE.
In addition to strong support from existing investors, Fund II received commitments from new institutional investors including endowments, foundations, fund of funds, asset managers, multi-family offices, single family offices, founders and executives.
Continuim’s growth and experience since inception in 2021 now includes 16 talented team members, six platform investments, eight add-on acquisitions, and two realized investments.
“Three years ago, we launched Continuim with the vision of transforming manufacturing and industrial companies to foster growth and success in a sector that we believe serves as the backbone of the American economy.” said George Pilafas, Continuim’s Managing Partner. “We are humbled by the reception of Fund II from the institutional investment community and are excited to continue capitalizing on the power of our EDGE.”
The Piper Sandler private capital advisory group, Aviditi Advisors, served as the exclusive global placement agent; Kirkland & Ellis LLP served as legal counsel.
About Continuim Equity Partners
Continuim is a Pittsburgh-based private equity fund that focuses exclusively on acquiring and accelerating the growth of manufacturing and industrial businesses ranging from $3 million to $10+ million of EBITDA. We bring an operational playbook, committed capital, and a talented team of industrial operators to help transform B2B manufacturing and industrial companies.
Our name is derived from what we consider most important to the growth of industrial businesses — Continuous Improvement.
Please visit our Website to learn more about our Investment Criteria or Contact Us directly to discuss investment opportunities that align with our mandate.
Members of the Portfolio Operations Team are employed or retained by Continuim and certain amounts paid to or received by members of the Portfolio Operations team may be paid by one or more Continuim-sponsored vehicles, portfolio companies or prospective portfolio companies and, in any such case, such amounts will not offset or otherwise reduce any management fee received by Continuim.