Microcap investment firm Shore Capital Partners has collected $686 million for three new funds as the firm continues to expand beyond its healthcare roots.

The Chicago firm raised $366 million for its latest healthcare fund, Shore Capital Healthcare Partners Fund IV, it said Thursday. It also collected $213 million for Shore Capital Business Services Partners Fund I, its first fund targeting the business-services sector, and $107 million for Shore Capital Real Estate Partners Fund I, its first real-estate vehicle.

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Shore Capital is a Chicago-based private equity firm focused on microcap investments within the Healthcare, Food and Beverage, and Business Services industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders.

Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles.

Source: Wall Street Journal

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