Union Capital Associates Closes Oversubscribed Fund IV at $450 Million Hard Cap

GREENWICH, Conn.--(BUSINESS WIRE)--After just four months in the market, Union Capital Associates (together with its affiliates, “Union Capital”) today announced the first and final closing of its fourth fund, Union Capital Equity Partners IV, L.P. (the “Fund” or “Fund IV”) at its hard cap of $450 million of Limited Partner commitments. The fund was significantly oversubscribed.

Fund IV will continue the strategy that the senior team has executed over the past twenty plus years of working together by investing in U.S. founder-owned businesses operating in the food manufacturing, niche manufacturing and business services industries, typically investing as the first institutional capital. The firm specializes in transforming companies with defensible niches into professionalized data-driven and scalable businesses with strong operational foundations.

Union Capital has a long history of successfully partnering with business owners, entrepreneurs and management teams. The team has built a strong track record of adding value to its portfolio companies through its in-house operational expertise. The firm’s managing partners have worked together for over two decades and have deployed capital across market cycles. The team is further supported by operating executives and former portfolio company CEOs who provide deep industry and operating insights.

“We are pleased to announce the close of Fund IV and are grateful for the strong support of our existing and new investors,” said Bill Ogden, Managing Partner at Union Capital. “The speed of this fundraise reflects confidence in our team, our approach, and our ability to partner with founder-owned businesses as they pursue their next stage of growth.”

Fund IV received strong support from its existing investor base of leading endowments and foundations, consultants, financial institutions, pension funds and family offices, while also adding a select number of new institutional investors.

“With Fund IV, we are well positioned to continue executing on a robust pipeline of opportunities across our core sectors,” said Jay Landauer, Managing Partner at Union Capital. “Our focus remains on working closely with management teams to help build durable, scalable businesses.”

Monument Group acted as the exclusive placement agent for the Fund and previously advised Union Capital on the firm’s two prior fundraises, both of which successfully closed at their hard caps. Kirkland & Ellis LLP acted as counsel to Union Capital.

“It was a pleasure to once again support Union Capital on a highly successful fundraise,” said Chris Webber, Partner at Monument Group. “The overwhelming investor interest underscores the firm’s long-standing reputation, disciplined strategy and consistent results in the lower middle market.”

About Union Capital Associates

Union Capital is a leading lower middle-market private equity firm that invests in smaller U.S. founder-owned and family-owned businesses. Since 1968, the Union Capital team has built a reputation for successfully working with management teams to implement operational initiatives that enhance the capabilities of founder-owned companies. Union Capital is the successor to Union Capital Corporation and has more than 50 years of experience partnering with lenders, co-investors and business owners. Today, Union Capital is managed by its three Managing Partners – Jay Landauer, Reis Alfond and Bill Ogden – with offices in Connecticut and Chicago. For more information, visit www.unioncapitalassociates.com.

About Monument Group

Monument Group is a global independent full-service capital advisory and fundraising partner in alternative investments, led by a senior team with deep buy-side investment heritage. Since 1994, Monument Group has advised clients on $150 billion in capital raised across over 240 funds and transactions. With offices in Boston, London, Amsterdam, and Tokyo, the firm provides expertise in primary fundraising, secondaries, GP-led transactions, and tailored capital solutions for both general and limited partners. For more information, visit www.monumentgroup.com.

Monument Group, Inc., is an SEC registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); Monument Group Europe LLP is authorized and regulated by the U.K. Financial Conduct Authority; Monument Group Netherlands B.V. is licensed by the Netherlands Authority for the Financial Markets. Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer by the Japan Financial Services Agency (FSA).