Shore Capital Partners, a Chicago-based private equity firm, has raised more than $643 million across two new funds to invest in small companies. The firm closed Shore Capital Industrial Partners Fund I with $207.5 million, above a $150 million target, and Shore Capital Healthcare Partners Fund V raised $435.6 million, beating a $350 million target.
The two funds, which closed within three months of each other, bring Shore Capital’s total assets under management to over $6 billion. The firm invests in microcap companies, which are those with market capitalizations of less than $500 million.
Shore Capital’s investment strategy is focused on companies in the industrial and healthcare sectors. The firm looks for companies with strong management teams, attractive growth prospects, and the potential to be industry leaders.
We are excited to close these two funds,” said Shore Capital Managing Partner David Roux. The strong demand for the funds is a validation of our investment strategy and our team’s track record. We look forward to using these funds to invest in and build the next generation of microcap leaders.”
Shore Capital has a long track record of success in the private equity industry. The firm has invested in over 100 companies, and its portfolio companies have generated attractive returns for investors.
The closing of the two new funds is a significant milestone for Shore Capital. The funds will allow the firm to continue its investment strategy and grow its portfolio of microcap companies.
Here are some of the key reasons why Shore Capital was able to raise two new funds:
- The firm has a strong track record: Shore Capital has a long track record of investing in and building successful microcap companies. Its portfolio companies have consistently outperformed the market.
- The firm has a strong team: Shore Capital has a team of experienced investment professionals with a deep understanding of the microcap market.
- The firm is targeting attractive sectors: Shore Capital is targeting attractive sectors, such as industrials and healthcare. These sectors are expected to grow significantly in the coming years.
- The firm is offering attractive terms: Shore Capital is offering attractive terms to its investors, such as a high-water mark provision and a carry kicker.
