Shore Capital soars past $2bn AUM thanks to triple fund close, including debut business service, RE vehicles


Shore Capital Partners has passed the $2bn mark for capital under management thanks to a trio of new fund closes.

The firm has collected $366m for Shore Capital Healthcare Partners Fund IV, $213m for its debut Business Services Partners Fund and $107m for its first dedicated real estate vehicle.

Healthcare Partners Fund IV, which beat its original target of $300m, will invest primarily in control buyouts, focused on microcap healthcare businesses with revenues between $5m and $100m.

Justin Ishbia, founder and managing partner of Shore, said, “Our limited partners appreciate our commitment to microcap investing and our ability to bring company founders and entrepreneurs the capital, business development expertise, and industry knowledge to drive transformational growth.

“The microcap market continues to be underserved, which we are changing. Our playbook supports founders and entrepreneurs with oversized resources from our operations and investment teams.”

Shore Capital Business Services Partners Fund I beat its $150m target. The fund will make control equity investments in B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, financial and payment services, distribution and logistics services, and professional services.

Shore Capital Real Estate Partners Fund I also came in above its $75m goal. The fund will be used to acquire the real estate holdings of partner entrepreneurs by offering business owners a real estate succession option, cash liquidity, and rollover ownership on a tax deferred basis at the real estate platform level.

Chicago-based Shore raised more than $440m across a pair of ‘one and done’ final closes for its last two funds in 2019.

The firm pulled in $293m for its third dedicated healthcare vehicle, while its debut food and beverage fund raised $148m, with both vehicles beating their initial targets.

Earlier this year the firm sealed a deal for Vancouver-based Innovative Packaging Company.

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