Our Firm

We believe innovation investment can improve the human condition while producing persistent financial and societal returns.

UGVP History

Union Grove Venture Partners began as the VC branch of Morgan Creek Capital Management in 2011, but spun-off in 2014 to ensure limited partner satisfaction of results & strategy.

The firm was established as an avenue to drive returns, not gather assets. UGVP decided to structure the firm as a fund of funds to take advantage of the relationships & access to successful venture capital funds.

To align interests with investors, UGVP’s team is uniquely lean. However small, this team is hard-working and dedicated to their field. Throughout their 11 years of partnership, UGVP raised 5 successful funds that are in various stages of employment. In 2022, Greg Bohlen and Patrick Cairns bought out their previous partnership’s ownership as he retired. (INSERT HOW THEY HAVE ADJUSTED FOR THIS?)

(Succession plan?) UGVP plans to continue their success through a strategic mentorship of future investors.

Let’s Break it Down.

UGVP Focus: Venture

Firm Type: Fund of Funds

Investment Hybrid Model: VC Funds & Direct Co-Investments

Industry Focus: Healthcare & Technology

Stages: All

Manager Types: Established & Emerging

Emphasis: Fund Outcomes over Asset Volume of Funds

Approaches

High Conviction

Because UGVP is not an asset gatherer, every single decision receives a significant amount of scrutiny. The high conviction approach demands high-quality judgements.

Differentiated Relationships

VC is a contact sport - building & maintaining relationships is essential. We leverage the relationships built over 66+ years of combined experience in the investment banking and VC space, giving us prime exposure to the best funds. We are value-added limited partners in a true partnership model.

Exclusive Access

Our FOF model & differentiated relationships in the industry give us unique exclusive access into high-performing funds & the ability to “look around corners”.