Shore Capital Closes Second Industrials Fund Above $400M
Shore Capital Partners has closed its second Shore Capital Industrial Partners Fund with more than $400 million in capital commitments, building on the success of its inaugural Industrials fund, which closed in July 2023. Industrials Fund II advances Shore’s broader focus on fragmented sectors anchored by durable end-market demand, particularly in essential services and infrastructure-linked niches.
Industrials Fund II will continue to pursue Shore’s existing playbook, targeting infrastructure-adjacent services, environmental and safety solutions, building envelope and access systems, and specialized maintenance and repair markets. The mandate also includes select opportunities in residential overhead doors, utility services, traffic management, environmental services, flow control and filtration, and aviation maintenance, repair, and overhaul.
“Industrials continues to be a natural extension of the Shore playbook,” said founder and managing partner Justin Ishbia. “We’re seeing sustained tailwinds across sub-categories, and this fund allows us to be an even more intentional, long-term partner to founders and management teams — investing in operational excellence, leadership development, and scalable infrastructure to build businesses faster with less risk.”
Since entering the industrials sector, Shore has launched multiple platforms across themes such as building services, infrastructure support, and mission-critical industrial solutions, including commercial HVAC and plumbing, residential roofing, automation systems integration, and electrical safety.
Industrials Fund II received significant backing from Shore’s existing limited partners, underscoring long-standing relationships and confidence built over multiple funds and strategies. The firm did not use a placement agent for the raise.
Chicago-based Shore Capital has approximately $17 billion in assets under management. Kirkland & Ellis LLP served as legal advisor on the fundraise.
