Union Grove Venture Partners (UGVP) has emerged as one of the top private equity fund-of-funds in the industry.
The firm has been attracting attention for its unique investment strategy and impressive performance in recent years.
Based in Chapel Hill, North Carolina, UGVP seeks to invest in top-tier, access-constrained venture capital funds in addition to sourcing expansion and later-stage direct deal opportunities.
The firm’s investment strategy focuses on high-growth sectors including healthcare, technology, and consumer goods.
UGVP’s performance has been impressive, with the firm ranking in the top three of the HEC Paris-DowJones Private Equity ‘Fund of Funds’ performance ranking in 2023.
The ranking evaluates PE firms investing in other PE firms at an international level, and UGVP was listed alongside well-established firms such as Peakview Capital and Cross Creek.
With its unique investment strategy and impressive track record, UGVP is quickly becoming one of the most sought-after private equity fund-of-funds in the industry.
Key Takeaways
- UGVP is a top private equity fund-of-funds that invests in top-tier, access-constrained venture capital funds and sources expansion and later-stage direct deal opportunities.
- The firm’s investment strategy focuses on high-growth sectors including healthcare, technology, and consumer goods.
- UGVP’s impressive performance has earned it a spot in the top three of the HEC Paris-DowJones Private Equity ‘Fund of Funds’ performance ranking in 2023.
Union Grove Venture Partners Overview
Union Grove Venture Partners is a Chapel Hill, North Carolina-based private equity firm that specializes in venture capital investments.
Founded in 2014, the firm seeks to invest in top-tier, access-constrained venture capital funds, as well as sourcing expansion and later-stage direct deal opportunities.
The firm’s investment strategy is to identify high-growth companies with differentiated products in growth markets. Union Grove Venture Partners invests in a wide range of industries, including technology, financial services, healthcare, and consumer products.
Union Grove Venture Partners’ portfolio includes a mix of venture capital funds and direct investments in companies.
The firm’s Venture Access Fund, which was launched in 2014, invests in technology and financial services sectors in the United States.
The firm’s team is comprised of experienced professionals with a deep understanding of the venture capital industry.
They strive to be value-added limited partners in true partnership with their portfolio companies. Union Grove Venture Partners’ team includes Jim Kim, who serves as the firm’s Managing Partner, and John Kim, who serves as a Partner.
Overall, Union Grove Venture Partners is a reputable private equity firm that has established itself as a top-performing fund of funds in the venture capital industry.
The firm’s focus on investing in top-tier venture capital funds, as well as sourcing direct investment opportunities, has allowed it to generate strong returns for its investors.
Top Private Equity Fund of Funds
Union Grove Venture Partners has been ranked as the top private equity fund of funds globally by the HEC-Dow Jones Performance Ranking of Private Equity Fund-of-Funds 2021.
The ranking, which analyses the performance of private equity fund-of-funds managers, was dominated by US firms, with Union Grove Venture Partners taking the top spot with a performance score of 1.76.
Union Grove Venture Partners seeks to invest in top-tier, access-constrained venture capital funds, in addition to sourcing expansion and later stage direct deal opportunities.
The firm has made numerous recommendations to the UGVP Funds, and only a small number of those recommendations are discussed on their website.
The HEC-Dow Jones ranking analysed an aggregate equity volume of $131 billion to determine the top performers in the primary Fund of Funds segment.
The ranking also puts Washington DC-based Accolade Partners in second place and Oklahoma-based Spur Capital Partners in third.
Union Grove Venture Partners’ top ranking is a testament to their investment strategy and their ability to identify top-tier venture capital funds.
The firm’s focus on direct exposure to venture capital funds, as well as expansion and later stage direct deal opportunities, has clearly paid off.
Investment Strategy and Focus
Union Grove Venture Partners is a venture capital investment firm that seeks to invest in top-tier, access-constrained venture capital funds.
The firm also sources expansion and later-stage direct deal opportunities.
The firm’s investment strategy is to invest in funds that have a proven track record of success and a strong network of industry relationships.
By investing in these funds, Union Grove Venture Partners gains exposure to high-growth companies that are typically not accessible to individual investors.
Union Grove Venture Partners focuses on investing in companies that have differentiated products in growth markets.
The firm’s portfolio companies typically operate in industries such as healthcare, technology, and consumer goods.
The firm’s investment philosophy is to take a long-term approach to investing. Union Grove Venture Partners believes that by investing in companies with strong fundamentals and a clear path to growth, it can generate superior returns for its investors.
Union Grove Venture Partners has a team of experienced investment professionals who have a deep understanding of the venture capital industry. The firm’s team includes professionals with backgrounds in finance, law, and technology.
Overall, Union Grove Venture Partners’ investment strategy and focus are aimed at generating superior returns for its investors by investing in top-tier venture capital funds and sourcing expansion and later-stage direct deal opportunities in growth markets.
Performance and Key Metrics
Union Grove Venture Partners (UGVP) has a strong track record of investing in top-tier, access-constrained venture capital funds, as well as sourcing expansion and later stage direct deal opportunities.
UGVP’s private equity fund of funds has consistently delivered strong returns to its limited partners (LPs) over the years.
One of the key metrics used to evaluate the performance of UGVP’s private equity fund of funds is Internal Rate of Return (IRR).
IRR reflects the performance of a private equity fund by taking into account the size and timing of its cash flows (capital calls and distributions) and its net asset value at the time of the calculation.
UGVP’s private equity fund of funds has consistently delivered an impressive IRR to its LPs.
Another important metric used to evaluate the performance of UGVP’s private equity fund of funds is Multiple of Invested Capital (MOIC). MOIC measures the total return on investment in a private equity fund relative to the amount of capital invested. UGVP’s private equity fund of funds has consistently delivered a strong MOIC to its LPs.
UGVP’s private equity fund of funds has also been successful in generating consistent cash flows for its LPs. This is reflected in the distribution yield, which measures the annual cash distributions received by LPs as a percentage of their invested capital. UGVP’s private equity fund of funds has consistently delivered a healthy distribution yield to its LPs.
Overall, UGVP’s private equity fund of funds has a strong track record of delivering consistent and attractive returns to its LPs. Its focus on investing in top-tier, access-constrained venture capital funds, as well as sourcing expansion and later stage direct deal opportunities, has proven to be a successful strategy.
Frequently Asked Questions
What are some of the top-performing private equity fund of funds?
According to the HEC-Dow Jones Performance Ranking of Private Equity Fund-of-Funds 2021, US-based firms dominate the worldwide rankings. Union Grove Venture Partners, Peakview Capital, and Cross Creek are among the top three performers. These firms invest in top-tier, access-constrained venture capital funds, and source expansion and later stage direct deal opportunities.
Who are the major investors in private equity funds?
The major investors in private equity funds are institutional investors such as pension funds, endowments, and sovereign wealth funds. High-net-worth individuals and family offices also invest in private equity funds.
What is the fee structure for private equity fund of funds?
The fee structure for private equity fund of funds typically includes a management fee and a performance fee. The management fee is usually 1-2% of the committed capital, while the performance fee is typically 10-20% of the profits generated by the fund.
What are the differences between private equity and venture capital funds?
Private equity funds and venture capital funds are both types of alternative investment funds that invest in private companies. However, private equity funds typically invest in more mature companies that have an established track record, while venture capital funds invest in early-stage companies that are still in the development stage.
Which private equity fund has the largest assets under management?
As of 2021, Blackstone Group is the world’s largest private equity firm with assets under management of over $649 billion.
What are the key factors to consider when evaluating private equity fund of funds?
When evaluating private equity fund of funds, key factors to consider include the fund’s track record, the experience and expertise of the fund manager, the investment strategy and focus of the fund, the fund’s fees and expenses, and the level of diversification in the fund’s portfolio. It is also important to consider the fund’s risk profile and investment horizon.
