# Union Grove Venture Partners

> Union Grove Venture Partners is an SEC-registered investment advisory firm in Summit, NJ, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 170880
- Filed as: UNION GROVE VENTURE PARTNERS
- Legal name: Ugvp Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Summit, NJ
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170880
- AdvisorCensus page: https://advisorcensus.com/firm/union-grove-venture-partners-summit-nj-170880

## Quick answers

**How is Union Grove Venture Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Union Grove Venture Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Union Grove Venture Partners located?**
Union Grove Venture Partners' principal office is in Summit, NJ, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Union Grove Venture Partners registered with the SEC or a state?**
Union Grove Venture Partners is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170880.

**How much does Union Grove Venture Partners manage?**
Union Grove Venture Partners reports $634,873,261 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (53% discretionary).

**How have Union Grove Venture Partners' assets and staff changed since 2021?**
In the Form ADV data for Union Grove Venture Partners: Regulatory assets under management: $485,711,929 in the October 2021 data and $634,873,261 in the October 2026 data, up 31%. Total employees: 3 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Union Grove Venture Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Union Grove Venture Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170880

**Does Union Grove Venture Partners state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Generally, an investor must invest a minimum dollar amount of $1,000,000 to participate in a UGVP Fund. The general partner of each UGVP Fund may waive the minimum investment amount."

**What changed in Union Grove Venture Partners' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $572,372,246 to $634,873,261 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Generally, an investor must invest a minimum dollar amount of $1,000,000 to participate in a UGVP Fund. The general partner of each UGVP Fund may waive the minimum investment amount.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $634,873,261
- Discretionary: $333,827,716
- Non-discretionary: $301,045,545

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $634,873,261 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2014 (12 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Chapel Hill, NC

### Websites listed on Form ADV (Item 1.I)
- ugvp.com
- X @UNIONGROVEVP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $485,711,929 | 3 | March 30, 2021 |
| October 2022 | $810,042,194 | 3 | March 31, 2022 |
| October 2023 | $714,998,368 | 3 | March 31, 2023 |
| October 2024 | $621,711,526 | 2 | March 26, 2024 |
| October 2025 | $572,372,246 | 2 | April 1, 2025 |
| October 2026 | $634,873,261 | 2 | March 31, 2026 |

Regulatory assets under management: $485,711,929 in the October 2021 data and $634,873,261 in the October 2026 data, up 31%.
Total employees: 3 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $572,372,246 to $634,873,261 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Union Grove Venture Partners (CRD 170880): Form ADV filing data as of October 2026.