Shore Capital Partners, a Chicago, IL-based non-public fairness agency, closed its third meals and beverage fund, Shore Capital Meals & Beverage Companions Fund III, with over $450M in capital commitments.
The shut introduced its complete property underneath administration to roughly $13 Billion.
F&B Fund III obtained assist from each present and new restricted companions, together with college endowments, monetary establishments, funds of funds and household workplaces. The companions of Shore additionally dedicated a considerable quantity of capital.
Th fund will proceed Shore’s centered method to investing in decrease center market corporations throughout meals and beverage manufacturing, packaging, distribution and associated companies. It seeks to accomplice with founders and administration groups of companies producing $5M to $100M in income, and speed up progress by means of hands-on operational assist, strategic M&A, and entry to Shore’s broader platform of assets.
Along with the information, Shore additionally introduced the promotions of Tom Smithburg, Jeff Sensible and Jeff Smith to Companion. All three have performed instrumental roles within the growth and growth of Shore’s meals and beverage platform, which incorporates greater than a dozen high-growth corporations throughout specialty meals manufacturers, packaging, manufacturing and distribution.
The fund is led by Justin Ishbia, Founder and Managing Companion, Richard Boos, Companion at Shore and chief of the agency’s meals and beverage technique, and newly-promoted Companions Smithburg, Sensible and Smith.
The agency additionally has workplaces in Nashville, TN.
FinSMEs
02/07/2025
