Insight

Union Capital collects $309m for third fund

As with its previous funds, Union Capital Equity Partners III will invest in U.S. founder-owned businesses where Union Capital is typically the first institutional investor.

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  • The fund’s limited partners include endowments, foundations, pension funds, financial institutions and family offices
  • Monument Group was the placement agent for Union Capital Equity Partners III
  • Union Capital invests in lower middle-market businesses

Union Capital Associates has closed its oversubscribed third fund at a hard cap of $309 million.

As with its previous funds, Union Capital Equity Partners III will invest in U.S. founder-owned businesses where Union Capital is typically the first institutional investor. The fund’s limited partners include endowments, foundations, pension funds, financial institutions and family offices.

“We believe the success of this capital raise is testament to the strength of our team, the soundness of our investing approach, and our track record of delivering meaningful results for our investors,” said Bill Ogden, a managing partner at Union Capital, in a statement. “It has been truly gratifying to see the interest in Fund III and we thank our new and returning investors for their support and trust in Union Capital.”

Monument Group was the placement agent for the fund.

Union Capital invests in lower middle-market businesses. Union Capital is managed by its three Managing Partners – Jay Landauer, Reis Alfond and Bill Ogden – and has offices in Connecticut and Chicago.