Pittsburgh Equity Partners (PEP) is a venture capital fund specifically formed to grow Western Pennsylvania's most promising early-stage companies in the life sciences and information technology industries. A lack of capital for these early-stage technology companies has long been recognized as a shortcoming in our region.
To address this gap, a group of organizations including the Pennsylvania Department of Community and Economic Development, Innovation Works, Carnegie Mellon University and the University of Pittsburgh collectively created a competition in 2006 to select a seasoned manager to form a new early-stage venture fund. The principals of PEP, Edward Engler and Stephen G. Robinson, won the competition through selection by their peers and Pittsburgh Equity Partners was launched with a $1.5 million investment from the competition sponsors.
PEP helps to fill this critical funding gap through a unique, focused and disciplined strategy that maximizes returns and mitigates risks inherent in early stage venture capital investing, while preserving the upside potential.