PITTSBURGH \u2014 One of Pittsburgh\u2019s biggest private equity firms has fresh powder to deploy as strong investor support propelled its third fund at an accelerated pace.<\/p>\n
Continuim took four and a half weeks to raise its newest fund, breezing past the original target of $375 million to wind up oversubscribed at $548 million.<\/p>\n
Continuim Equity Partners confirmed on August 5 that it had closed on its third and largest fund<\/a> to date, just short of two years since completing its second fund of $247 million. <\/p>\n \u201cThirty-two days in market from the first closing to the final close was our fastest fundraise by a wide margin,\u201d George Pilafas, Continuim managing partner and co-founder, said. \u201cOur second fund was nine months in market, which we thought was fast at the time and are humbled by the investor reception in our successive raises.\u201d<\/p>\n Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n Download the FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n Follow Channel 11 News on Facebook<\/a> and Twitter<\/a>. | Watch WPXI NOW<\/a><\/p>\n TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n \u00a92026 Cox Media Group<\/p>\n