Shoreline Equity Partners, LLC, a Jacksonville, Fla.-based purpose-driven decrease center market non-public fairness agency, closed its second non-public fairness fund, Shoreline Equity Partners Fund II, L.P., at $450M.
Shoreline had help throughout its diversified restricted companion base comprised of insurance coverage corporations, fund of funds, pension and retirement funds, household workplaces and excessive web price people. The common companions and its govt community additionally contributed capital to the fund.
Led by Mike Hand, Managing Partner, Shoreline focuses on working with administration groups of decrease center market corporations with enterprise values starting from $50 million to $350 million and EBITDA of $5 million to $25 million. The agency companions with administration groups of companies primarily inside value-added distribution, enterprise and facility companies, and specialised manufacturing, amongst different sectors.
With over $750 million of dedicated capital below administration, Shoreline seeks to guide fairness investments of as much as $150 million per transaction in help of buyouts, recapitalizations, and company divestitures.
Since its launch in March 2019, the agency has invested in seven platforms and accomplished over 25 add-ons.