Shore Capital Raises Over $643M for Industrials, Healthcare Funds

Private equity firm Shore Capital Partners has closed its first industrials-focused fund, Shore Capital Industrial Partners Fund I, and a fifth healthcare vehicle, Shore Capital Healthcare Partners Fund V, raising more than $643 million.

Chicago-based Shore now has more than $6 billion of assets under management targeting micro-cap deals in the healthcare, food and beverage, business services, industrial and real estate industries.

The industrials fund will primarily focus on investing in aerospace and defense, building and facility services, transportation and logistics, environmental services, manufactured products/services, and industrial technology companies that have between $5 million and $100 million in revenue.

“The industrial sector is highly fragmented, and we believe it’s a target-rich environment with strong growth potential,” said Shore partner and co-head of industrials John Sznewajs.

Shore’s healthcare fund is eyeing companies with up to $200 million revenue. Both funds were substantially oversubscribed, having targeted $150 million and $350 million, respectively.

Last year, Shore raised almost $300 million for the final close of its second dedicated food and beverage fund. Other recent fundraises include the $366 million Shore Capital Healthcare Partners Fund IV and a $107 million real estate fund that closed in 2021.