Shore Capital Partners, a Chicago, IL-based healthcare focused private equity firm, completed its Fund I, at $112.5m of committed capital.
Investors in Fund I include leading pension funds, financial institutions, fund of funds and family offices.
Shore Capital Partners Fund I will continue the investment strategy employed by the firm’s previous investment vehicles and invest primarily in control buyouts, focusing on microcap healthcare businesses with $1 to $5 million in EBITDA.
Led by Justin Ishbia, Founder and Managing Partner, and Ryan Kelley, Michael Cooper, and John Hennegan, Shore invests in companies with strong growth potential in favorable niche segments in healthcare services, medical products and consumer-directed healthcare.
It targets equity commitments of $10 – $15 million per platform.