Shore Capital Partners has raised more than $400m for its second industrials-focused vehicle, extending a run of successful fundraising despite a broader slowdown across the private equity industry, according to a report by Bloomberg.
Industrials Fund II will target infrastructure-adjacent services and specialised maintenance and repair segments, including residential overhead doors, utility services, and aviation maintenance, the firm said. Shore reportedly raised more than $1bn in new capital last year.
The firm manages approximately $17bn in assets and invests across sectors including food and beverage, real estate, and healthcare. Its inaugural industrials fund closed on $207m in 2023 and backed businesses such as commercial HVAC, plumbing, and residential roofing.
The new fund, Shore’s first to close this year, will be led by founder Justin Ishbia alongside partners John Sznewajs and Dan Spradling. The majority of commitments came from existing limited partners. Founded in 2009, Shore has 322 portfolio companies, according to PitchBook.
