UNION PARK ANNOUNCES FINAL CLOSE OF FUND II
Boston, MA – September 21, 2017. Union Park Capital, a Boston-based private equity firm focused exclusively on lower middle-market Industrial Technology investments, today announced the final close of its oversubscribed second fund, Union Park Capital II, with $150M of committed capital.
Union Park Capital II will pursue the same investment strategy it has employed since inception, acquiring industrial technology businesses that are leaders in their niche markets, and focusing on long-term growth though organic initiatives and further acquisition. Union Park seeks to invest the new fund in a limited number of themes, and concentrate its investment in its best ideas, where it can also concentrate its time and resources.
The philosophy of Fund II will remain unchanged from what worked well in Fund I, namely: niche market leaders in industrial technology are defined by their people and brand as much as they are by their technology. “We see investment returns springing from growing our businesses the old-fashioned way, and we can’t achieve that by making big changes to the people that are responsible for a company’s stature in the industry,” says Peter McGuire, Partner and co-founder of Union Park.
Fund II investors are predominantly university endowments, foundations and hospitals. “We are proud to have attracted the caliber of investors who are supporting us in Fund II,” says Morgan Jones, Managing Partner of Union Park. “We work hard every day to connect with business owners of great, niche, industrial technology companies. As we convince them that we will own their businesses as good shepherds, it is invaluable to have an investor base that serves great causes and shares our long-term vision for building businesses the right way - long lasting growth and improvement, not financial engineering.”
ABOUT Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.
Union Park Capital II will pursue the same investment strategy it has employed since inception, acquiring industrial technology businesses that are leaders in their niche markets, and focusing on long-term growth though organic initiatives and further acquisition. Union Park seeks to invest the new fund in a limited number of themes, and concentrate its investment in its best ideas, where it can also concentrate its time and resources.
The philosophy of Fund II will remain unchanged from what worked well in Fund I, namely: niche market leaders in industrial technology are defined by their people and brand as much as they are by their technology. “We see investment returns springing from growing our businesses the old-fashioned way, and we can’t achieve that by making big changes to the people that are responsible for a company’s stature in the industry,” says Peter McGuire, Partner and co-founder of Union Park.
Fund II investors are predominantly university endowments, foundations and hospitals. “We are proud to have attracted the caliber of investors who are supporting us in Fund II,” says Morgan Jones, Managing Partner of Union Park. “We work hard every day to connect with business owners of great, niche, industrial technology companies. As we convince them that we will own their businesses as good shepherds, it is invaluable to have an investor base that serves great causes and shares our long-term vision for building businesses the right way - long lasting growth and improvement, not financial engineering.”
ABOUT Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.