Shore Capital Partners, a strategic private equity firm focused on microcap investing, has closed its second Food & Beverage fund, Shore Capital Partners Food and Beverage Fund II (F&B Fund II) with $291.75 million in Capital commitments.
Shore now manages a total committed capital base of approximately $3 billion.
F&B Fund II is led by Shore Founder and Managing Partner Justin Ishbia, Partner Richard Boos, and Principals Tom Smithburg, Jeff Smart and Jeff Smith. F&B Fund II will continue the successful investment strategy employed by Ishbia and Boos and will invest primarily in food & beverage manufacturing, distribution, packaging and related B2B service companies that have between $5 million and $100 million in revenue.
F&B Fund II surpassed its original target of $250 million and was substantially oversubscribed. Commitments came from the firm’s existing investors and select new limited partners, resulting in a diverse investor base comprised of leading university endowments, financial institutions, funds of funds and family offices. Additionally, the partners of Shore have committed to invest a substantial amount of capital to the fund.
