Ishbia’s Shore Capital Raises $1.9 Billion for Three Funds

Shore Capital Partners, a Chicago-based private equity firm led by Justin Ishbia, closed on $1.9 billion for three new funds, two of which will focus on expanding beyond the company’s traditional sphere of small-business investment.

The commitments are spread across a health care-oriented fund and a vehicle focused on searching for micro cap deals, as well as the firm’s second fund focused on business services such as technology, software and logistics, according to a statement Monday. The deals bring Shore’s assets under management to $9.1 billion.