Shore Capital Closes on $1.9B Raise Across Three Funds

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Lower-middle-market buyout firm Shore Capital Partners has closed a $1.9B fundraise across three funds – first timers Healthcare Advantage Fund and Shore Search Partners Fund, along with its Business Services Partners Fund II.

In an Oct. 7 press release, the Chicago-based firm said the total commitments of $1.9B across the three funds bring its total assets under management to $9.1B. The Healthcare Advantage Fund will be led by Shore Capital founding partners Mike Cooper and John Hennegan; the Business Services fund will be led by partners Brad Morehead, Rory Kenny, Matt Sweeney, and Mickey Jiang; and the Search Fund will be led by partner Michael Aubrey and principals Jeff Smart, Jeff Smith, and Jacob Balley.

Kirkland & Ellis LLP served as legal advisor to Shore in the fundraise, while Shore did not use a placement agent.

View the press release here:  https://finance.yahoo.com/news/shore-capital-partners-closes-almost-120000076.html

Written By: Dakota