A Unique Fund (II)

Unique Investment Corp., the Anaheim, Calif.-based private equity firm, this month has come to market with its second fund, Unique Growth Capital Partners II.

Scott Hartman, principal and managing director of Unique Investment, said fund raising efforts for the second fund began on May 1.

Unique Growth Capital Partners II has a target of $125 million and anticipates a first close next fall, said Hartman. High-net-worth individuals who participated in the first fund will invest in the second fund as well.

“We will be looking to acquire undervalued but profitable manufacturing and business service companies that are located on the West Coast, primarily southern California,” said Hartman. “We look for companies with enterprise value between $15 million and $50 million with same revenue range.”

And to help the new fund target investment opportunities, Unique Investment appointed Lisa Stavro as its new executive vice president. Prior to joining Unique Investment, Starvo served as senior vice president and manager of the commercial banking leverage finance group at Bank of America. In her new capacity, Stavro will be responsible for securing growth capital and providing investment analysis.

“I think it is a dynamic buyout middle market in Southern California and I am looking forward to being a part of it,” Stavro said.

Unique Investment was founded by Hartman, Dan Lubeck, and John Makoff. The trio has been working together for the past six years.