UNION PARK EXPANDS FUND I
Boston, MA – January 1, 2016. Union Park Capital, a Boston-based private equity firm focused exclusively on lower middle-market Industrial Technology investments, today announced the expansion of Union Park Capital I, LP by 40% to $150 million. “We are pleased that the first two years of our inaugural fund have been productive, and that we’ve had a chance to launch two exciting investment themes, and complete five acquisitions so far into those themes,” says Morgan Jones, Managing Partner of the fund. “We are grateful for the unanimous vote of confidence of our investor base,” adds Morgan.
Union Park Capital’s investor base is led by the University of Texas Investment Management Company (UTIMCO), and one other Top-10 University Endowment that prefers anonymity. The Fund admitted no new investors, and each investor in the fund contributed their pro rata share of the fund expansion.
“The additional capital commitment will allow us the opportunity to add a third investment theme to round out Fund I,” says Peter McGuire, co-founder of Union Park Capital.
About UTIMCO
UTIMCO is the first external investment corporation formed by a public university system and oversees investments for The University of Texas and the Texas A&M Systems. UTIMCO manages investments of the Permanent University Fund, the Permanent Health Fund, Long Term Fund, Intermediate Term fund and other assets. For more information, visit www.utimco.org.
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’s investor base is led by the University of Texas Investment Management Company (UTIMCO), and one other Top-10 University Endowment that prefers anonymity. The Fund admitted no new investors, and each investor in the fund contributed their pro rata share of the fund expansion.
“The additional capital commitment will allow us the opportunity to add a third investment theme to round out Fund I,” says Peter McGuire, co-founder of Union Park Capital.
About UTIMCO
UTIMCO is the first external investment corporation formed by a public university system and oversees investments for The University of Texas and the Texas A&M Systems. UTIMCO manages investments of the Permanent University Fund, the Permanent Health Fund, Long Term Fund, Intermediate Term fund and other assets. For more information, visit www.utimco.org.
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.