Shoreline Equity Partners raises USD300m for first private equity fund

Shoreline Equity Partners, a purpose-driven lower middle market private equity firm, has held the final close of its inaugural private equity fund, Shoreline Equity Partners Fund. 

Shoreline began fundraising in March, in conjunction with the Firm’s launch, with an initial target of USD250 million and was oversubscribed at its hard cap of USD300 million in commitments.

“We are very grateful to all of our limited partners for the resounding support and humbled by the overwhelming demand shown through the process,” says the Firm’s Co-Founder Mike Hand. “The entire Shoreline team is excited to work closely with our portfolio company management teams and to continue backing and building leading lower middle market businesses. Our emphasis on doing well by our investors, our management partners and the communities within which our portfolio companies operate has been exceptionally well-received.”

Shoreline received commitments from a prominent group of limited partners including insurance companies, fund of funds, family offices and high net worth individuals. Shoreline’s general partners and its executive network also contributed significant capital to the fund.

“From the onset, Mike and I sought to assemble a diverse investor base with a wide range of investment experiences,” says Co-Founder Peter Franz. “The composition of our limited partners validates our approach and the commitments from our executive network illustrate our relationships with management teams extend far beyond our initial investment partnership.”

M2O Private Fund Advisors LLC acted as exclusive placement agent, and Ropes & Gray LLP provided legal counsel to Shoreline