Billionaire Justin Ishbia’s Firm Closes $450 Million PE Fund (1)

Shore Capital Partners, a Chicago-based private equity firm founded by billionaire Justin Ishbia, has closed a $450 million fund that will focus on food and beverage investments.

Justin Ishbia

Source: Shore Capital Partners

The fund, the third in the food and beverage industry for the firm, will invest in companies with between $5 million and $100 million in annual revenue, Shore Capital said Tuesday. In addition to investments by Shore’s partners, the fund also won commitments from existing and new limited partners including family offices, university endowments and financial institutions.

“Food and beverage remains one of the most active and resilient areas of ...