Shore Capital Partners raises $441m

The Chicago-based private equity firm closes third healthcare fund and first food & beverage fund.

Shore Capital Partners has announced the first and final closes of Shore Capital Healthcare Partners III and Shore Capital Food & Beverage Partners Fund I.

HC Fund III was oversubscribed and closed at $293 million, surpassing its original target of $250 million. It will invest in control buyouts of micro-cap healthcare companies with revenues between $5 million and 100 million.

F&B Fund I closed at $148 million, which was $23 million above target. The firm’s debut food and beverage fund will make control investments in manufacturing, distribution, packaging, and related B2B services companies with revenues between $5 million and 100 million.

Both funds received commitments from existing investors as well as some new limited partners. The North American investor pool comprises university endowments, financial institutions, funds of funds and family offices.

Kirkland & Ellis provided legal counsel. No placement agent was used for either fund.