Shore Capital Partners Secures Nearly $2 Billion for Growth

Shore Capital Partners Secures Major Fund Closures

Chicago-based Shore Capital Partners has successfully announced the closing of its inaugural Healthcare Advantage Fund, the second Business Services Partners Fund, and the first Shore Search Partners Fund. Together, these three funds surpassed their targets and attracted commitments totaling over $1.9 billion. This achievement now brings the firm’s total assets under management to an impressive $9.1 billion.

Strategic Focus and Growth

Justin Ishbia, the founder and managing partner of Shore, shared insights into this remarkable accomplishment. He emphasized that the completion of this fundraising aligns with the firm’s strategic focus on the lower-middle market. He expressed gratitude for the continued support from both existing and new partners, especially in light of today’s complex economic landscape. He stated that the company is committed to enhancing value through substantial operational support, a core element of their investment strategy.

Healthcare Advantage Fund Overview

The firm is set to utilize its Healthcare Advantage Fund as a tool for exploring innovative investment opportunities within the healthcare sector. The team behind this fund is comprised of seasoned professionals who will leverage extensive knowledge to target companies ready for growth. The fund’s buy-and-build strategy aims to partner with dynamic healthcare businesses, allowing them to thrive within the firm’s established network, thereby accelerating expansion efforts.

Business Services Fund’s Targeting Niche Opportunities

The second Business Services Partners Fund is spearheaded by a capable team including Brad Morehead, Rory Kenny, Matt Sweeney, and Mickey Jiang. Building on a strong foundation of sector experience, the team is focused on identifying impactful investment opportunities within lower-middle market firms. Their emphasis spans a variety of niches including IT services, software, environmental services, and professional services.

Search Fund: A Gateway to Microcap Transactions

The Shore Search Partners Fund will further enhance the firm’s capability to strike strategic partnerships in microcap transactions. Led by Partner Michael Aubrey and his team, this fund will support executives in identifying and executing acquisition opportunities. This initiative is aimed at equipping executives with the resources necessary to operate and grow their companies successfully.

Diverse Investor Base and Supportive Commitments

Commitments for the newly established funds derive from a wide array of investors, including established university endowments, financial institutions, and family offices. This diverse investment pool speaks to the firm’s credibility and appeal in the equity market. The partners of Shore have also made significant personal capital commitments, signaling their strong belief in the funds’ strategies.

Legal Involvement and Support

Kirkland & Ellis LLP played a pivotal role as legal advisors during the fundraising initiatives, ensuring the process was well-managed. Notably, Shore Capital Partners opted not to utilize a placement agent, demonstrating confidence in its internal capabilities to attract and secure investments.

Shore Capital Partners’ Mission

Shore Capital Partners is distinguished as an agile investor focusing primarily on lower-middle market companies across various sectors including healthcare, food and beverage, and industrial services. With a clear goal to empower management teams, the firm aims to facilitate accelerated growth while minimizing risks. Over the past few years, it has received numerous accolades, including recognition as a Top Founder Friendly Investor by industry observers. This highlights its commitment to fostering partnerships that drive sustainable growth and maximize shareholder value.

Frequently Asked Questions

What is Shore Capital Partners known for?

Shore Capital Partners is a private equity firm specializing in investments in lower-middle market companies across healthcare, business services, and other sectors.

How much capital has Shore Capital Partners raised recently?

The firm has raised approximately $1.9 billion across three funds, significantly increasing its total assets under management to $9.1 billion.

What sectors does Shore Capital Partners focus on?

Shore Capital focuses on healthcare, food and beverage, business services, industrial, and real estate sectors, among others.

Who leads the Healthcare Advantage Fund?

The Healthcare Advantage Fund is managed by a dedicated team with extensive experience in healthcare investment and business development.

What was the role of Kirkland & Ellis LLP?

Kirkland & Ellis LLP acted as legal advisors to Shore Capital Partners during their fundraising efforts, ensuring compliance and procedural integrity.

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