Union Capital Associates has closed its fourth private equity fund, Union Capital Equity Partners IV, L.P., at its $450 million hard cap after roughly four months in the market, with the raise described as significantly oversubscribed. The Greenwich, Connecticut-based firm said Fund IV will continue its strategy of providing first institutional capital to U.S. founder-owned businesses, primarily in food manufacturing, niche manufacturing, and business services.
The firm said it targets companies with defensible niches and works with owners and management teams to professionalize operations, build data-driven decision-making, and create scalable foundations. Union Capital also emphasized its in-house operational resources and a broader network of operating executives and former portfolio-company CEOs to support value creation across its portfolio.
Bill Ogden, a managing partner at Union Capital, said the pace of the fundraising reflected investor confidence in the team and its approach to partnering with founder-owned businesses as they enter a new growth phase. Jay Landauer, also a managing partner, said Fund IV positions the firm to pursue an active pipeline in its core sectors while continuing to work closely with management teams to build durable, scalable businesses.
Union Capital said Fund IV attracted strong backing from existing limited partners, including endowments and foundations, consultants, financial institutions, pension funds, and family offices, and added a select group of new institutional investors.
Support: Monument Group served as exclusive placement agent, and Kirkland & Ellis acted as legal counsel. Chris Webber, a partner at Monument Group, said investor demand highlighted Union Capital’s reputation, disciplined strategy, and consistency in the lower middle market.
KEY QUOTES:
“We are pleased to announce the close of Fund IV and are grateful for the strong support of our existing and new investors. 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.”
Bill Ogden, Managing Partner, Union Capital Associates
“With Fund IV, we are well positioned to continue executing on a robust pipeline of opportunities across our core sectors. Our focus remains on working closely with management teams to help build durable, scalable businesses.”
Jay Landauer, Managing Partner, Union Capital Associates
“It was a pleasure to once again support Union Capital on a highly successful fundraise. The overwhelming investor interest underscores the firm’s long-standing reputation, disciplined strategy and consistent results in the lower middle market.”
Chris Webber, Partner, Monument Group
