Shore Capital Partners

also referred to as: shore capital

23 statements across 2 episodes · 14 bullish · 0 bearish · 2 people on the record · first statement Dec 18, 2023 by Peter Lacaillade · said 39 times in 3 episodes since 2023 · across every show →

Mentions by year

brought up most by Justin Ishbia (28), Harry Stebbings (8), Peter Lacaillade (3)

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Everything said about Shore Capital Partners, oldest first

Dec 18, 2023
Disclosure
Lacaillade: SCS Financial provided the first check to Shore Capital
“Not to ramble, but on the buyout side, there's a group called Shore Capital, which Justin Ishbia at the time was 32 years old, and he had three partners that were 27, 28. And we were the first check there, and I like to say that I got more push, I got as much …”
Peter Lacaillade Dec 18, 2023 ▶ 6:05 Peter Lacaillade: Why Now is the Best Time to Invest in Emerging Managers | E1096 · 20VC with Harry Stebbings
Feb 26, 2024 bullish
Prediction Not checkable as stated
Ishbia: I am confident in generating 5x investment returns in five years
“If I have a hundred dollars right now, I'm confident I can turn a hundred dollars into 500 dollars in five years.”
Justin Ishbia Feb 26, 2024 ▶ 1:15:32 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Insight
Ishbia: Tracking performance metrics drives organic competition among top employees
“Just by the very tracking of Number of something per week, or per month, or per, whatever it may be, people start comparing themselves to their peers, and my experience is the best ones are competitive.”
Justin Ishbia Feb 26, 2024 ▶ 35:37 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Assertion Supported
Ishbia: Shore Capital has never had an outcome below 3x
“We've yet to have an outcome below three times our money.”
Justin Ishbia Feb 26, 2024 ▶ 13:54 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Insight
Ishbia: Hitting 100% of your goals means you didn't stretch enough
“And if all your goals are green, you can try hard enough. You didn't stretch yourself far enough.”
Justin Ishbia Feb 26, 2024 ▶ 13:34 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Assertion Not checkable as stated
Ishbia: Shore Capital assigns five-person devil's advocate teams to oppose deals
“And so whatever our investment committees, if you were in the meeting, there's a team we call the devil's advocate team. We assign up to five people to be really critical and kind of the jerk who is opposing the deal.”
Justin Ishbia Feb 26, 2024 ▶ 1:21:48 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Disclosure
Ishbia: Shore Capital targets $1M-$10M EBITDA deals and 6-10 platforms per fund
“We focus on investing with businesses, one million to ten million of EBITDA at investment. We make somewhere between six and 10 platform investments in a fund.”
Justin Ishbia Feb 26, 2024 ▶ 15:54 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Prediction Not checkable as stated
Ishbia: Shore Capital will never buy a business solely because of price
“If I would ever do a deal again, I will never do it just because of price.”
Justin Ishbia Feb 26, 2024 ▶ 14:55 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Insight
Ishbia: Direct video messages avoid management telephone game distortion
“I want the message to come directly from me because the telephone game gets in the way. So I can record the message relatively efficiently and get to where it's got to go.”
Justin Ishbia Feb 26, 2024 ▶ 1:18:42 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Assertion Partly supported
Ishbia: Shore Capital's first $6M deal sold for over $50M
“Our first deal went from, you know, we, it was a six million dollar deal, sold a fifty million dollar plus, but three years later, allows you to raise your first fund.”
Justin Ishbia Feb 26, 2024 ▶ 11:16 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Insight
Ishbia: Use silent pressure to motivate highly competitive executives
“Some people get motivated by silent pressure. Simple things like just take an article And post it in their office that says, no, the best deal done last year in their industry was done by another firm. Just stick it on the wall, put a little pin in it, tape on…”
Justin Ishbia Feb 26, 2024 ▶ 56:39 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Assertion Not publicly verifiable
Ishbia: 75% to 80% of Shore Capital CEOs are first-time CEOs
“About 75, 80% of our CEOs are first-time CEOs.”
Justin Ishbia Feb 26, 2024 ▶ 28:06 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Assertion Not publicly verifiable
Ishbia: Shore Capital pays firm-wide bonuses on exits over 3x return
“So, at Shore Capital, whenever we exit a business that has a return that's been greater than three times your money, there's still more than all of them, but we call it a Shore win. Like, Shore is one, a Shore win. And I'm a believer that when we win, the whol…”
Justin Ishbia Feb 26, 2024 ▶ 52:23 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Disclosure
Ishbia: Shore Capital reserves up to 90% of capital for add-on acquisitions
“Our platforms are really more, we'll put 10 to 40, 50% of our capital in for the platform, and reserve the rest for add-ons.”
Justin Ishbia Feb 26, 2024 ▶ 17:28 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Disclosure
Ishbia: Shore Capital evaluates all portfolio executive reports twice yearly
“So we do this nine box analysis, we do it twice a year, but the y-axis is we call potential analysis. And the x-axis is performance, and it's low, medium, high, right? So the top right box, the ninth box in the upper right corner is high performance, high pote…”
Justin Ishbia Feb 26, 2024 ▶ 41:58 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 bullish
Insight
Ishbia: Great systems allow average people to deliver extraordinary results
“I personally believe that the best organizations create an amazing system. You can put a relatively average person into the system and have extraordinary results.”
Justin Ishbia Feb 26, 2024 ▶ 45:48 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Insight
Ishbia: Private equity is a flashlight that exposes weak performers
“I view private equity in the following way. We're a huge Flashlight. You walk into a room that may be dark. I'm shining the light everywhere, in the corners, in the crevices, and what I found is those who are really good at their job are like, shine it here. L…”
Justin Ishbia Feb 26, 2024 ▶ 34:22 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 bullish
Prediction Not checkable as stated
Ishbia: Shore Capital VPs are guaranteed lifelong roles unless performance fails
“I'm giving you a role as a vice president. I'm giving you a role for your career, unless you mess something up.”
Justin Ishbia Feb 26, 2024 ▶ 1:02:11 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Disclosure
Ishbia: Shore Capital targets 'healthcare light' sectors with no third-party reimbursement
“And so, three areas we love a lot, we call healthcare light. Which is veterinary, med, spa, and orthodontics. Because there's no third-party reimbursement. There's no Medicare, there's no Medicaid, there's no Blue Cross Blue Shield.”
Justin Ishbia Feb 26, 2024 ▶ 24:51 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024
Insight
Ishbia: Ask competitors where they would send their mother for care
“Calling between five and 10 other ophthalmologists in Atlanta and asking the following question. If your mother was going to have a cataract surgery and she could not come to you, who in town would she go to? Who would you send it to? And we ask that question …”
Justin Ishbia Feb 26, 2024 ▶ 22:16 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Disclosure
Ishbia: Shore Capital tracks family birthdays to send flowers and gifts
“We have a database that shows every employee at Shore Capital, their spouse's birthday, and their children's birthdays. On every spouse's birthday, there's flowers that come from Shore Capital to the spouse. For every child's birthday, there's a little cookie …”
Justin Ishbia Feb 26, 2024 ▶ 1:03:37 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Insight
Ishbia: Curiosity is the single most critical talent attribute
“We find the most important attribute is curiosity.”
Justin Ishbia Feb 26, 2024 ▶ 44:52 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
Feb 26, 2024 positive
Insight
Ishbia: Companies thrive when employees work at the top of their license
“Everyone is pushing up, doing things at the top of their license. I think that's where a company thrives, where people are doing things that are always unique to them and always professionally challenging and rewarding.”
Justin Ishbia Feb 26, 2024 ▶ 32:57 Justin Ishbia: The Three Traits Required to Succeed in Private Equity | E1119 · 20VC with Harry Stebbings
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