- F&B Fund II will invest primarily in food & beverage manufacturing, distribution, packaging and related B2B service companies that have between $5 million and $100 million in revenue
- Kirkland & Ellis LLP served as legal advisor on the fundraising
- No placement agent was used
Shore Capital Partners has closed its second food and beverage fund at $291.75 million, beating its $250 million target.
F&B Fund II will invest primarily in food & beverage manufacturing, distribution, packaging and related B2B service companies that have between $5 million and $100 million in revenue.
The fund’s limited partners include university endowments, financial institutions, funds of funds and family offices. Additionally, the partners of Shore have committed to invest a substantial amount of capital to the fund.
F&B Fund II is led by Shore Founder and Managing Partner Justin Ishbia, Partner Richard Boos and Principals Tom Smithburg, Jeff Smart and Jeff Smith.
“We are grateful and proud to have the continued support of our limited partners and are pleased to have successfully closed our second food and beverage fund,” said Ishbia, in a statement. “This distinguished group of investors has instilled a significant amount of trust and confidence in our talented team of investment and operating professionals, and we look forward to partnering with more entrepreneurs in the food and beverage industry to help them unlock substantial growth.”
Kirkland & Ellis LLP served as legal advisor to Shore Capital Partners for the fundraising efforts. Shore did not use a placement agent.
Based in Chicago, Shore Capital is focused on microcap investments within the healthcare, food and beverage, business services and real estate industries. Shore has approximately $3 billion of cumulative capital commitments through various investment vehicles.