Union Capital Associates, a lower middle-market private equity firm, has closed its most recent pool of capital – Union Capital Equity Partners II. The oversubscribed Fund closed at its hard cap of USD200 million.
The Fund will invest in smaller U.S. founder-owned businesses, where Union Capital is typically the first institutional investor. Union Capital has a 50 year history of successfully partnering with business owners, entrepreneurs and management teams. Union Capital’s investment team has spent 12 years working together on private investments, and is supported by several of its former CEOs that provide general operations expertise to assist portfolio company management teams as well as provide deep industry knowledge in the areas of Union Capital’s focuses: food processing, specialty manufacturing, business process outsourcing, marketing services and franchised restaurants.
“We are pleased to announce the final and very successful closing of Fund II. We appreciate the trust that our investors have shown us,” says Bill Ogden, Managing Partner. Reis Alfond, Managing Partner added “This rewarding fundraising underscores our investors’ enthusiasm for our investment approach, our disciplined focus on the lower middle market and the strength of our team. We look forward to investing Fund II on behalf of our investors.”
The Fund received strong support from a globally diverse group of investors including endowments, foundations, pension funds, financial institutions and family offices.
Alicia Cooney, Managing Director at Monument Group, adds: “Monument Group was privileged to work with Union Capital on this very successful fundraise. The diversified investor interest is a testament to the Union Capital team’s breadth of experience and their strong track record, achieved over more than a decade of working together.”
Proskauer Rose LLP served as legal counsel on the Fund II capital raise.
