Union Capital Associates Raises $200M For Second Middle-Market PE Fund

Jul 13 2017 | 9:43pm ET

Union Capital Associates has raised $200 million in capital commitments for its latest private equity pool, closing the fund at its hard cap.

The new fund, named Union Capital Equity Partners II, was oversubscribed, the company said in a statement. It attracted support from endowments, foundations, pension funds, financial institutions and family offices, and will invest in smaller U.S. founder-owned businesses in which Union Capital is typically the first institutional investor. 

Union Capital focuses on lower middle-market opportunities in the food processing, specialty manufacturing, business process outsourcing, marketing services and franchised restaurants sectors. 

Monument Group served as placement agent for the fundraise; Proskauer Rose acted as legal counsel. 

Tracing its heritage to 1968, Union Capital Associates is the successor to Union Capital Corporation. It is a leading lower middle-market private equity firm that invests in smaller U.S. founder-owned and family owned businesses. The firm is supported by several former CEOs that provide general operations expertise to assist portfolio company management teams as well as provide deep industry knowledge. 

In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...


From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.