Shoreline Equity Partners Secures $300 Million For First Private Equity Fund

By Amit Chowdhry ● January 14, 2020
  • Shoreline Equity Partners, a purpose-driven lower middle-market private equity firm, announced the final close of its inaugural private equity fund called Shoreline Equity Partners Fund

Shoreline Equity Partners — a purpose-driven lower middle-market private equity firm — recently announced the final close of its inaugural private equity fund called Shoreline Equity Partners Fund, L.P. Shoreline originally started the fundraising process in March in conjunction with the firm’s launch with an initial target of $250 million. So it was oversubscribed at its hard cap of $300 million in commitments.

“We are very grateful to all of our limited partners for the resounding support and humbled by the overwhelming demand shown through the process,” said Mike Hand, Managing Partner at Shoreline Equity Partners. “The entire Shoreline team is excited to work closely with our portfolio company management teams and to continue backing and building leading lower middle-market businesses. Our emphasis on doing well by our investors, our management partners and the communities within which our portfolio companies operate has been exceptionally well-received.”

Shoreline had received commitments from a prominent group of limited partners, including insurance companies, fund of funds, family offices, and high net worth individuals. And Shoreline’s general partners and its executive network also contributed significant capital to the fund.

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“From the onset, Mike and I sought to assemble a diverse investor base with a wide range of investment experiences,” said Shoreline Equity Partners co-founding partner Peter Franz. “The composition of our limited partners validates our approach and the commitments from our executive network illustrate our relationships with management teams extend far beyond our initial investment partnership.”

M2O Private Fund Advisors LLC had acted as exclusive placement agent and Ropes & Gray LLP provided legal counsel to Shoreline.