Shoreline Equity Partners, LLC, a Jacksonville, Fla.-based purpose-driven lower middle market private equity firm, closed its second private equity fund, Shoreline Equity Partners Fund II, L.P., at $450M.
Shoreline had support across its diversified limited partner base comprised of insurance companies, fund of funds, pension and retirement funds, family offices and high net worth individuals. The general partners and its executive network also contributed capital to the fund.
Led by Mike Hand, Managing Partner, Shoreline focuses on working with management teams of lower middle market companies with enterprise values ranging from $50 million to $350 million and EBITDA of $5 million to $25 million. The firm partners with management teams of businesses primarily within value-added distribution, business and facility services, and specialized manufacturing, among other sectors.
With over $750 million of committed capital under management, Shoreline seeks to lead equity investments of up to $150 million per transaction in support of buyouts, recapitalizations, and corporate divestitures.
Since its launch in March 2019, the firm has invested in seven platforms and completed over 25 add-ons.
FinSMEs
10/01/2022