Shore Capital Partners amasses over $643m across two new funds

• IND Fund I surpassed its original target of $150 million and HC Fund V also beat its original target of $350 million
• The limited partners for both funds include university endowments, financial institutions, fund-of-funds and family offices
• No placement agent was used

Shore Capital Partners has raised over $643 million across two new funds, its inaugural Industrial fund, Shore Capital Industrial Partners Fund I and its fifth healthcare fund, Shore Capital Healthcare Partners Fund V.

With the addition of the two funds, Shore now has over $6 billion assets under management.

“The close of the new healthcare and industrial funds is a testament to the team’s established ability to identify industry niches poised for growth,” said Shore founder and Managing Partner Justin Ishbia in a statement. “Partnering with premier management teams with a focus on long-term success has always been our highest priority and we will continue to double-down on our commitment to providing operational resources to the companies we partner with.”

IND Fund I surpassed its original target of $150 million and HC Fund V also beat its original target of $350 million.

The limited partners for both funds include university endowments, financial institutions, fund-of-funds and family offices. The partners of Shore have also committed capital to both funds.

Kirkland & Ellis LLP served as a legal advisor to Shore for the fundraising efforts. No placement agent was used.

Based in Chicago, Shore Capital backs microcap companies in the healthcare, food and beverage, business services, industrial, and real estate industries.