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NEW YORK, April 1, 2021 /PRNewswire/ Praesidian Capital, a leading middle market private equity firm and Michael Fernandez, long standing successful entrepreneur, today announced a joint venture, Universal Holding Group ( Universal ), which will seek equity investments in minority-owned small businesses. Since 2002, Praesidian has invested more than $850 million in 85 small businesses located across the country in a variety of sectors including niche manufacturers, distributors and service providers. Nearly 40% of the investments were made in companies that were women, minority, or veteran owned and on average, annual revenues increased by 30% since the initial Praesidian investment. Praesidian has also been very active over the years in the Small Business Administration s SBIC Program with two of its five funds receiving leverage from the SBA.