Shore Capital Partners has closed its inaugural Healthcare Advantage Fund, second Business Services Partners Fund, and first Shore Search Partners Fund, exceeding their targets and representing over $1.9 billion in combined capital commitments.
The funds received commitments from existing investors and select new limited partners, including university endowments, financial institutions, pension funds, insurance companies, funds of funds, and family offices.
The Healthcare Advantage Fund focuses on healthcare companies with $5 million to $100 million of revenue and $1 million to $10 million of EBITDA, while the Business Services Fund invests in lower-middle-market companies with $5 million to $50 million of revenue and $1 million to $7 million of EBITDA.
The Search Fund will support executives pursuing acquisition opportunities and provides access to Shore's networks and resources to help them find, execute, and operate microcap companies.