Continuim Equity Partners, a Pittsburgh-based private equity firm focused on acquiring successful family-owned manufacturing and industrial businesses in our region, has closed its 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 committed capital to $100 million, and the firm has exceeded its goal with this final closing of CEP Fund I.
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.”
Metz Lewis Brodman Must & O’Keefe provided legal counsel for CEP Fund I.