Shore Capital Partners Closes Food & Beverage Fund III, At Over $450M; Promotes Three to Partner

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Funds

  • Name: Shore Capital Food & Beverage Partners Fund III
  • Raised: Over $450 million

Investors

  • Types of investors include:
    • University endowments
    • Financial institutions
    • Funds of funds
    • Family offices
  • Key Investor: Partners of Shore Capital committed a substantial amount of capital.

Startup

  • Focus: Lower middle market companies in food and beverage manufacturing, packaging, distribution, and related services.

Founders

  • Key Figures:
    • Justin Ishbia (Founder and Managing Partner)
    • Richard Boos (Partner and leader of the firm’s food and beverage strategy)
    • Tom Smithburg (Promoted to Partner)
    • Jeff Smart (Promoted to Partner)
    • Jeff Smith (Promoted to Partner)

Fundraise Series

  • Series: This is the third fund in their food and beverage series (Fund III).

Date

  • Announcement Date: February 7, 2025

If you need further clarification or more details, feel free to ask!

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2025-07-02 08:49:04