In a move that signals strong investor confidence, Pike Street Capital LLC announced Monday that it has successfully closed its latest single-asset continuation fund, securing $199 million to further its investment in Impel Co., a leading fluid management system provider.
The Seattle-based private equity firm, advised by Kirkland & Ellis LLP, launched the fund—dubbed Pike Street Capital Reserve—to back Impel’s next growth phase. Investors include NorthSands Capital and Painswick Capital, both known for specializing in single-asset continuation vehicles.
Doubling Down on Impel’s Market Dominance
With industries from municipal water treatment to semiconductor manufacturing relying on fluid management solutions, Impel has carved out a niche as a comprehensive provider of engineered systems, services, and technical products.
“We are thrilled to complete the fundraising for Pike Street Capital Reserve with Impel and our new limited partners, NorthSands and Painswick,” said Pike Street partner Dave Dandel.
He noted that the transaction provided Fund I investors the flexibility to cash out with attractive returns or double down on Impel’s next wave of acquisitions and expansion.
