Centerpoint Capital

Stephen D. Lebowitz, the founder and managing partner, leads all investment decisions. Lebowitz launched the firm in 2023 after senior roles at Blackstone and Fieldstone Private Capital Group. The investment committee is concentrated, with Lebowitz driving origination and execution through a network of industrial operators and his syndicate of anchor backers.

Centerpoint operates with permanent capital anchored by Tom Hill's family office and a consortium of industrial family offices and operators. Unlike traditional blind-pool private-equity funds, the firm is not bound by a five-to-seven-year liquidation timeline. This structure allows hold periods that can exceed a decade, aligning with manufacturing and industrial transformations that take longer to mature.

Tom Hill, the Vice Chairman of Blackstone, was a foundational backer of Centerpoint Capital at its 2023 launch. His family office provided anchor capital and strategic support, but Hill is not involved in day-to-day investment decisions. The partnership gives Lebowitz's firm both credibility and the patient-funding architecture that defines its investment approach.

Centerpoint focuses on lower-middle-market industrial and services businesses, typically those generating between $5 million and $25 million in EBITDA. The firm prefers sectors like manufacturing, aerospace, and defense supply chains — capital-intensive, operationally complex companies where deep diligence and long-duration ownership produce separation from financial buyers.

Yes, Centerpoint actively syndicates its control equity investments. Deals are funded alongside its anchor family-office backers, other relationship-based limited partners, and occasionally alongside independent sponsors. The firm does not currently manage or accept subscriptions into a traditional third-party commingled fund vehicle.

Centerpoint is not a single-family office; it manages capital for multiple families and operators. The firm's initial base included Tom Hill's family office and other industrial LPs. Lebowitz has indicated a willingness to bring in additional aligned family offices on a deal-by-deal or co-investment basis, but the firm has not raised a diversified institutional fund.

Centerpoint seeks control equity in its target companies. The firm's operational playbook requires board and governance control to drive the cost-structure changes, management-focused turnarounds, and consolidation strategies it pursues in manufacturing and industrial technology. Minority stakes are not part of the disclosed strategy.