Shore Capital Partners Closes Over $290 Million for Food & Beverage Fund II

Oversubscribed fund will enable the firm to continue investing in lower middle market food and beverage businesses in North America

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners, (“Shore” or “the firm”), a strategic private equity firm focused on microcap investing, today announced the closing of its second Food & Beverage fund, Shore Capital Partners Food and Beverage Fund II (“F&B Fund II”). With this closing totaling $291.75 million, Shore now manages a total committed capital base of approximately $3 billion.

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. F&B Fund II will continue the successful investment strategy employed by Ishbia and Boos and will invest primarily in food & beverage manufacturing, distribution, packaging and related B2B service companies that have between $5 million and $100 million in revenue.

F&B Fund II surpassed its original target of $250 million and was substantially oversubscribed. Commitments came from the firm’s existing investors and select new limited partners, resulting in a diverse investor base comprised of leading 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.

“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. “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.”

“The food and beverage industry continues to be ripe for innovation in several areas,” said Boos. “We look forward to continuing the successful investment strategy we launched with F&B Fund I and providing more business owners with the capital, resources and operational expertise to help them become regional and national powerhouses.”

Kirkland & Ellis LLP served as legal advisor to Shore Capital Partners for the fundraising efforts. Shore did not use a placement agent.

About Shore Capital Partners

Shore Capital Partners, 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 approximately $3 billion of cumulative capital commitments through various investment vehicles. For more information, please visit: www.shorecp.com.