Shore Capital Partners Announces Several Senior-Level Promotions and New Hires on Investment Team

Expansion of investment team supports recent fund closings, AUM topping $2B

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, with offices in Chicago and Nashville, today announced four new hires and ten promotions at the senior level on its rapidly-growing investment team. These moves support Shore’s continued growth and recent closings of Shore Capital Healthcare Partners Fund IV ($366 million) and Shore Capital Business Services Partners Fund I ($213 million). Shore now manages a total committed capital base of $2 billion.

“Recognizing and attracting top talent is a critical part of our vision to be the premier microcap investor and first choice for entrepreneurs and executives seeking a growth partner,” said Justin Ishbia, Managing Partner. “I want to acknowledge all of our team members who contributed to Shore’s record deal volume in 2020 and recognition by Inc. Magazine as a Top Founder-Friendly Firm. To keep that momentum and to support our recent fund closings, we promoted several talented individuals and welcomed new members to the Shore team who are already making an impact as investors and strategic partners to our portfolio companies.”

Shore is proud to recognize the following senior-level investment team promotions.

• Promoted to Principal, Business Services: Rory Kenny, Mickey Jiang and Matt Sweeney. As Principals, Kenny, Jiang and Sweeney will source, evaluate and enable the growth of investments, with a focus on making control equity investments in B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, financial and payment services, distribution and logistics services and professional services.

• Promoted to Principal, Food & Beverage: Tom Smithburg, Jeff Smith and Jeff Smart. As Principals, they will source, evaluate and enable the growth of investments, with a focus on making control equity investments in branded products, distribution, co-manufacturing and private label, packaging, related consumer goods and B2B services.

• Promoted to Vice President, Healthcare: Jon Tomberlin, Mike Oleferchik, Alex Nevill and Ankeet Patel. In their new roles, Tomberlin, Oleferchik, Nevill and Patel will be responsible for conducting due diligence on new investment opportunities and implementing value creation initiatives within portfolio investments in the healthcare industry.

In addition, Shore welcomes the following new team members.

• Vice Presidents: Matt Brown, Logan Pitts, Adam Pegram and Matt Matosian. As Vice Presidents focused on healthcare, Brown, Pitts and Pegram will source, evaluate and enable the growth of Shore’s investments. Brown is a recent graduate of Darden School of Business at the University of Virginia, and Pitts is a graduate of University of Michigan Ross School of Business. Pegram previously served as the Chief Financial Officer of Navia Benefit Solutions, a realized Shore investment. Matosian, a recent graduate of The University of Chicago Booth School of Business, will manage similar responsibilities for Shore’s food and beverage investments.

About Shore Capital Partners

Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services and Real Estate industries. Shore supports management partners with capital, business development expertise and industry knowledge to accelerate growth, fund acquisitions and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.