Lower middle-market private equity firm Shoreline Equity Partners has held the close of its second private equity fund, Shoreline Equity Partners Fund II, with $450 million in limited partner commitments, in excess of its original $400 million target.
Lower middle-market private equity firm Shoreline Equity Partners has held the close of its second private equity fund, Shoreline Equity Partners Fund II (SEP II), with $450 million in limited partner commitments, in excess of its original $400 million target.
SEP II, which began fundraising in October 2022, attracted significant support from the Shoreline’s existing investor base as well as new investors. The firm’s general partners and its executive network also contributed significant capital to the fund.
Since Shoreline’s launch in March 2019, the firm, which focuses on working with management teams of lower middle market companies with EBITDA typically ranging between $5 million and $25 million, has invested in seven platforms and completed over 25 add-ons.
M2O Private Fund Advisors LLC acted as the exclusive placement agent, and Ropes & Gray LLP provided legal counsel to Shoreline.
