Shore Capital Partners’ Closes at Over $640M for Two New Funds

Shore Capital Partners has closed its inaugural industrial fund and fifth healthcare fund after raising $643m.

Shore Capital Industrial Partners Fund I and Shore Capital Healthcare Partners Fund V surpassed their respective raise targets of $150m and $350m within three months.

‘The close of the new industrial and healthcare funds is a testament to the team’s established ability to identify industry niches poised for growth,’ said Shore founder and managing partner Justin Ishbia.

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‘Partnering with premier management teams with a focus on long-term success has always been our highest priority and we will continue to double down on our commitment to providing operational resources to the companies we partner with.’

The Industrial Partners fund is led by Ishbia along with partners John Sznewajs and Dan Spradling. It focuses on aerospace and defence, building and facility services, transportation and logistics, environmental services, manufactured products/services, and industrial technology companies with $5m to $100m in revenue.

The Healthcare Partners fund is also led by Ishbia, along with Shore founding partners John Hennegan, Ryan Kelley and Mike Cooper, and partners Don Pierce and Chris Mioton. It invests in and partners with microcap healthcare businesses with $5m to $200m in revenue.

The latest fundraises bring the micro-cap private equity specialist’s total assets under management to more than $6bn.

Source: CityWire

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