CHICAGO — Shore Capital Partners has closed more than $290 million for its second food and beverage fund, surpassing its original target of $250 million.

The fund is led by Justin Ishbia, founder and managing partner, Richard Boos, partner, and principals Tom Smithburg, Jeff Smart and Jeff Smith. Investments will target food and beverage manufacturing, distribution, packaging and related business-to-business service companies with $5 million to $100 million in revenue.

“The food and beverage industry continues to be ripe for innovation in several areas,” Mr. Boos said. “We look forward to continuing the successful investment strategy we launched with F&B Fund I and providing more business owners with the capital, resources and operational expertise to help them become regional and national powerhouses.”

Shore Capital Partners now manages a total committed capital base of approximately $3 billion. Commitments for F&B Fund II came from existing investors and new limited partners including university endowments, financial institutions, funds of funds and family offices.

“We are grateful and proud to have the continued support of our limited partners and are pleased to have successfully closed our second food and beverage fund,” Mr. Ishbia said. “This distinguished group of investors has instilled a significant amount of trust and confidence in our talented team of investment and operating professionals, and we look forward to partnering with more entrepreneurs in the food and beverage industry to help them unlock substantial growth.”

Current food and beverage investments include Sweetmore Bakeries, Old World Spices & Seasonings, OC Flavors, Inc., Moesle Meat and others.