Continuity

Continuity is a Boston, Massachusetts-based software company that develops disaster recovery management solutions to ensure business continuity across critical enterprise IT environments. The organization provides specialized monitoring, automation, and verification tools designed to secure complex data storage architectures and streamline essential recovery processes. By identifying infrastructure vulnerabilities before they cause system failures, the software platform helps mitigate operational risks associated with data loss and prolonged network downtime. These enterprise-grade software systems assist large organizations operating within the public, private, and government sectors in building and maintaining robust operational resilience strategies. The company's current executive leadership team includes key industry figures such as Chief Executive Officer Gil Hecht, Vice President of Field Operations Doron Pinhas, and Vice President of Research and Development Yacov Zakai. Continuity was originally founded in 2005 by entrepreneur Gil Hecht.

# Continuity Capital Partners: High-Level Overview

Continuity Capital Partners is an independent investment management firm specializing in private equity investments across the Asia-Pacific region, with a primary focus on Australia and New Zealand.[1] Founded in 2010 and based in Canberra, the firm raises commingled funds from wholesale investors to deploy capital into small and mid-sized private companies, often working through and alongside established private equity sponsors.[1][2]

The firm's investment philosophy centers on identifying and exploiting persistent inefficiencies in private equity markets—gaps in capital provision that create opportunities for excess returns.[1] Rather than relying solely on traditional deal sourcing, Continuity Capital combines academic research in finance with quantitative and qualitative analysis of private equity market data to identify quality investment opportunities.[1] This research-driven approach distinguishes it from more conventional private equity operators that may rely primarily on industry networks and deal flow.

Origin Story

Continuity Capital Partners was established in 2010 by a team of partners including Ovidio Iglesias (Co-Founder and Managing Partner), Grant Fleming (Co-Founder and Partner), and Bill Humphreys (Partner), all based in Canberra, Australia.[2] The firm emerged during a period when private equity was becoming increasingly professionalized, yet significant inefficiencies remained in how capital flowed to private companies in the Asia-Pacific region. By grounding their investment process in academic rigor rather than pure relationship-based deal sourcing, the founders positioned Continuity Capital to compete effectively against larger, more established private equity firms by leveraging superior research and analytical capabilities.

The firm has grown to manage 11 closed funds as of the available data, with fund closes documented from at least May 2016 through December 2020, indicating sustained fundraising activity and investor confidence over more than a decade.[2]

Core Differentiators

• Research-Driven Investment Model: The firm explicitly combines academic finance research with quantitative and qualitative market data, rather than relying primarily on traditional deal networks or sponsor relationships.[1]

• Regional Specialization: Deep focus on Australia and New Zealand private markets provides concentrated expertise in a specific geographic region where the firm can develop superior market intelligence.[1][2]

• Wholesale Investor Base: By raising commingled funds from institutional investors, Continuity Capital aligns incentives with sophisticated capital providers who understand private equity dynamics and can tolerate longer investment horizons.[1]

• Sponsor Collaboration Model: The firm works "through and alongside" private equity sponsors, suggesting a flexible approach that can involve co-investments, secondary investments, or direct deals depending on market opportunities.[1]

Role in the Broader Private Equity Landscape

Continuity Capital operates within a broader trend of democratization and specialization in private equity. Historically, private equity was dominated by large, generalist firms with global reach. The emergence of smaller, regionally focused, research-intensive firms like Continuity Capital reflects several market forces:

• Inefficiency Persistence: Despite decades of private equity maturation, capital allocation to private companies remains fragmented, particularly outside major financial centers, creating opportunities for disciplined, analytical investors.

• Institutional Demand for Alternatives: Growing allocations to private markets by pension funds, endowments, and other institutional investors have created demand for specialized managers who can navigate specific regions or market segments effectively.

• Information Advantage: A firm that combines academic rigor with on-the-ground market knowledge in a specific region can identify opportunities that larger, more distributed competitors may overlook.

Continuity Capital's emphasis on research and quantitative analysis also reflects a broader shift in private equity toward more systematic, data-driven investment processes—moving away from purely relationship-driven deal sourcing.

Quick Take & Future Outlook

Continuity Capital is well-positioned to benefit from sustained institutional demand for private equity exposure in the Asia-Pacific region, particularly as Australian and New Zealand private markets mature and attract larger capital pools. The firm's research-intensive approach provides a defensible competitive advantage in identifying undervalued opportunities, though it faces ongoing competition from larger global firms expanding into the region and from emerging local competitors.

The firm's future trajectory will likely depend on its ability to scale its research capabilities, maintain strong returns that justify continued fundraising, and potentially expand its geographic focus while preserving the analytical rigor that defines its investment process. As private equity markets in Australia and New Zealand become increasingly efficient, Continuity Capital's edge will rest on its ability to identify ever-more-subtle market inefficiencies—a challenge that rewards the kind of academic rigor and quantitative discipline the firm has built into its DNA.