Longshore Capital Partners Closes Oversubscribed Fund II at $325 million Hard Cap

Longshore Capital Partners (“Longshore”), a Chicago-based private equity manager, today announced the final closing of Longshore Capital Partners Fund II (“Fund II” or the “Fund”). Fund II was oversubscribed and closed at its revised hard cap with $325 million in committed capital, comfortably surpassing its initial fundraising target of $275 million. Fund II is the successor fund to Longshore’s inaugural fund (“Fund I”), which closed in 2020 with total commitments of $210 million.

The Fund’s investor base is comprised of premier global institutions, including public pension plans, endowments and foundations, fund-of-funds, asset management firms, insurance companies, and family offices. A substantial portion of the Fund’s commitments came from new institutional investors, demonstrating Longshore’s growing presence within the broader allocator community.

On behalf of Longshore, the firm’s Co-Founders, Nick Christopher and Ryan Anthony, commented, “We are extremely grateful for the continued support from our investor base as we take the next step in growing the Longshore franchise with the continued goal of delivering market leading returns for our investors, management teams and Longshore. We look forward to expanding our team and helping founders in the lower middle-market create value through a partnership with Longshore.”

Building on the successful momentum of Fund I, Longshore targets control buyouts of founder-owned businesses in the lower middle-market. The Fund will focus on tech-enabled services opportunities with specific areas of interest including revenue cycle management, business process outsourcing, loyalty / incentives, and managed services.

Shannon Advisors acted as Longshore’s placement agent and Kirkland & Ellis served as legal counsel.