Billionaire Justin Ishbia Weighs Bid for MLB’s Minnesota Twins

Private equity billionaire Justin Ishbia is exploring a bid for Major League Baseball’s Minnesota Twins, according to people familiar with the matter.

Ishbia is the founder and managing partner of Chicago-based Shore Capital Partners, a middle market private equity firm focused on small business investment in areas including health care. His firm has about $11.5 billion of assets under management.

The 47-year-old has been meeting with local community leaders across the state to learn more about the community and the opportunity to carry on the Twins legacy, one person said.

Justin Ishbia in 2023.

Photographer: Kate Frese/NBAE/Getty Images

In October, the longtime owner of the ...