Healthcare Focused Private Equity Firm Shore Capital Partners Closes Second Fund, at $190M
Summary
Shore Capital Partners, a Chicago, IL-based strategic private equity firm focused exclusively on the healthcare industry, closed its second institutional fund, at the hard cap of $190m.Led by Justin Ishbia, Founder and Managing Partner, Shore Capital Partners invests in businesses with growth potential in favorable niche segments in healthcare services, medical products and consumer‐directed healthcare.Shore targets equity commitments of $10 to $30m per platform and grows companies through both organic initiatives and strategic acquisitions.Beyond Ishbia, partners include Ryan Kelley, Mike Cooper, John Hennegan and Don Pierce, who have been investing together since 2009, completing 50 acquisitions across 13 platforms.Kirkland & Ellis LLP served as legal advisor to Shore Capital Partners for the fundraising efforts.