Shore Capital Partners, a Chicago, IL-based private equity firm focused on lower-middle market investments, announced the closing of its inaugural Healthcare Advantage Fund, second Business Services Partners Fund, and first Shore Search Partners Fund.
The three funds together represent over $1.9 Billion in commitments, bringing the firm’s assets under management to $9.1 Billion. Commitments for them came from existing investors and select new limited partners, resulting in a diverse investor base comprised of leading university endowments, financial institutions, pension funds, insurance companies, funds of funds, and family offices. The partners of Shore have also committed capital to the funds.
Led by Founding Partners Mike Cooper and John Hennegan, the Advantage Fund will invest in businesses that fit its existing buy-and-build strategy. In addition to targeting attractive healthcare niches, the team will focus on opportunities to expand and continue partnerships with breakout businesses within its lower-middle market healthcare portfolio.
The Business Services team, led by Partners Brad Morehead, Rory Kenny, Matt Sweeney and Mickey Jiang, will focus on investment opportunities in lower middle market companies across IT and tech-enabled services, professional services, compliance, security and risk management, software and data systems, environmental and waste services, facility and field services, and transportation and logistics.
The Search Fund, led by Partner Michael Aubrey and Principals Jeff Smart, Jeff Smith and Jacob Balley, will focus on supporting executives pursuing acquisition opportunities in the traditional Search investment range. Its executives will have access to Shore’s extensive network and resources to help them find, execute and operate microcap companies.
Shore Capital, a Chicago-based private equity firm with offices in Nashville, is an investor in lower middle market companies in the Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate industries. Its strategy is to support management partners to grow with less risk through access to capital, board and operational resources, networking, development and shared learnings across the portfolio.
FinSMEs
08/10/2024