Los Angeles-based personal fairness agency Shamrock Capital raised $600 million in a brand new fund geared toward buying movie, tv, music, video video games and sports activities rights, the corporate introduced Thursday (Feb. 2).
Based in 1978 as Roy E. Disney‘s household workplace, Shamrock now says it has $4.4 billion of whole property underneath administration, together with $2 billion in its content material technique, because of the shut of this new fund, the Shamrock Capital Content material Fund III.
Shamrock has develop into a strong pressure in music catalog funding area, which continues to attract in deep-pocketed Wall Avenue traders, like Brookfield Asset Administration.
Shamrock made headlines in 2020 when it purchased Taylor Swift’s Big Machine catalog from Scooter Braun’s Ithaca Holdings. (Braun’s agency acquired the grasp recordings as a part of its acquisition of Huge Machine in 2019.) Final month, Shamrock purchased a portion of Dr. Dre’s music revenue streams and a few owned music property alongside Common Music Group. Its different investments embrace Stargate’s publishing catalog, the commerce publication AdWeek and the fantasy sports activities platform FanDuel.
“We’re really grateful to our current and new traders for his or her dedication to this fund and our technique general,” mentioned Patrick Russo, associate at Shamrock. “The closing of SCCF III continues to construct on our multi-product platform and long-term technique of proudly owning and financing premium content material and media rights. Our monitor file of efficiently investing in these sectors stands out and uniquely positions Shamrock to capitalize on the developments, adjustments, and alternatives throughout the worldwide media and leisure panorama.”
In 2021, Shamrock expanded into the lending area with a $196-million debt fund meant to mortgage cash to mental property house owners throughout music, movie, TV, video games and sports activities. Shamrock’s Capital Debt Alternatives Fund raised the cash from each current and new restricted companions and is managed by Shamrock companions and different funding professionals, together with pension funds, foundations and monetary establishments.
