PE Tech Report


Like this article?

Sign up to our free newsletter

Union Capital Associates closes $309m Fund III

Union Capital Associates, a lower middle-market private investment firm, has closed its newest fund, Union Capital Equity Partners III, oversubscribed at its hard cap of $309 million.

As with its predecessor, Fund III will invest in US founder-owned businesses where Union Capital is typically the first institutional investor. Union Capital has a long history of successfully partnering with business owners, entrepreneurs and management teams. The firm’s Managing Partners have worked together for more than 15 years and are supported by several of the firm’s former portfolio company CEOs, who provide operations expertise to assist management teams as well as provide deep industry knowledge in the areas of Union Capital’s focus: food manufacturing, business process outsourcing, franchised restaurants and specialty manufacturing.      

Fund III received strong support from a globally diverse group of investors including endowments, foundations, pension funds, financial institutions and family offices.

Union Capital has a robust pipeline of investment opportunities and already deployed roughly one quarter of Fund III into three portfolio companies with attractive attributes.

Monument Group acted as the exclusive placement agent for the Fund. In addition to Fund III, Monument Group advised Union Capital on raising Union Capital Equity Partners II, LP, closing at its hard cap of $200 million.

Like this article? Sign up to our free newsletter