Shore Capital Partners Closes on Almost $2 Billion Across Three Funds

– Shore Capital Partners (“Shore” or “the Firm”): A private equity firm focused on lower-middle market investments.

– Closing of three funds:
– Healthcare Advantage Fund (inaugural)
– Business Services Partners Fund II (second)
– Shore Search Partners Fund (first)
– Total commitments exceeded $1.9 billion.
– Firm’s assets under management now total $9.1 billion.

– Justin Ishbia (Founder and Managing Partner):
– Highlights the continuation of lower-middle market focus.
– Emphasis on innovation through Advantage and Search Funds.
– Commitment to value creation through operational support.
– Gratitude for support from existing and new partners despite economic challenges.

– Healthcare Advantage Fund:
– Led by Founding Partners Mike Cooper and John Hennegan.
– Focus on developing strong, well-positioned healthcare companies.
– Buy-and-build strategy targeting attractive healthcare niches.
– Value creation strategy includes:
– Supporting executives with top-tier board talent.
– Providing operational resources.
– Facilitating collaboration within Shore’s network.

– Business Services Partners Fund II:
– Led by Partners Brad Morehead, Rory Kenny, Matt Sweeney, and Mickey Jiang.
– Focus on investment opportunities in:
– IT and tech-enabled services.
– Professional services.
– Compliance, security, and risk management.
– Software and data systems.
– Environmental and waste services.
– Facility and field services.
– Transportation and logistics.
– Emphasis on proven investment strategy and discipline in attractive sectors.

– Shore Search Partners Fund:
– Led by Partner Michael Aubrey and Principals Jeff Smart, Jeff Smith, and Jacob Balley.
– Focus on supporting executives in microcap acquisition opportunities.
– Access to Shore’s network and resources for sourcing, negotiating, and executing transactions.
– Potential for breakout companies to become Shore microcap fund investments.

– Investor Base:
– Commitments from existing investors and select new limited partners.
– Diverse investor base includes:
– University endowments.
– Financial institutions.
– Pension funds.
– Insurance companies.
– Funds of funds.
– Family offices.
– Partners of Shore also committed capital to the funds.