Union Grove Venture Partners

Established in 2012, Union Grove Venture Partners (UGVP) is a prominent venture capital fund-of-funds manager based in Chapel Hill, North Carolina. The firm employs a high-conviction investment strategy, leveraging over 66 years of combined experience across multiple economic cycles, geographies, and sectors. UGVP focuses on investing in both established and emerging U.S.-based venture capital funds, as well as making direct co-investments alongside these funds. Their portfolio primarily targets high-growth technology and healthcare companies across all stages of development.

UGVP's investment approach is characterized by a high-conviction model, intentionally deploying smaller funds to ensure each investment decision receives significant scrutiny, thereby maximizing impact on portfolio returns. The firm places a strong emphasis on building and maintaining differentiated relationships, recognizing that venture capital is a contact sport where such relationships are essential. This approach grants UGVP access to high-performing, access-constrained funds and the ability to identify the next generation of high-quality funds. Additionally, UGVP builds bespoke funds tailored to meet the individual portfolio needs of their clients, offering commingled accounts, separately managed accounts, and assistance in building portfolios of funds and companies outside of the Union Grove fund family.

The firm's team comprises seasoned professionals with extensive experience in venture capital, investment banking, and public equity. Notable team members include Greg Bohlen, Managing Partner, who focuses on early and mid-stage investing in technology, food, and agriculture, and Patrick Cairns, Managing Partner, who specializes in enterprise and consumer technology. Together, they have successfully invested in over 100 venture capital funds and more than 60 venture-backed companies as of February 2024. UGVP's commitment to nurturing innovation through strategic investments has positioned it as a leader in the venture capital fund-of-funds space, consistently ranking at the top in global performance rankings.