Los Angeles-based non-public 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).
Founded in 1978 as Roy E. Disney‘s household workplace, Shamrock now says it has $4.4 billion of complete property below administration, together with $2 billion in its content material technique, due to the shut of this new fund, the Shamrock Capital Content Fund III.
Shamrock has turn into a robust drive in music catalog funding house, which continues to attract in deep-pocketed Wall Street traders, like Brookfield Asset Management.
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 Big Machine in 2019.) Last month, Shamrock purchased a portion of Dr. Dre’s music revenue streams and a few owned music property alongside Universal Music Group. Its different investments embody Stargate’s publishing catalog, the commerce publication AdvertWeek and the fantasy sports activities platform FanDuel.
“We are truly grateful to our existing and new investors for their commitment to this fund and our strategy overall,” mentioned Patrick Russo, associate at Shamrock. “The closing of SCCF III continues to build on our multi-product platform and long-term strategy of owning and financing premium content and media rights. Our track record of successfully investing in these sectors stands out and uniquely positions Shamrock to capitalize on the trends, changes, and opportunities across the global media and entertainment landscape.”
In 2021, Shamrock expanded into the lending house with a $196-million debt fund meant to mortgage cash to mental property homeowners throughout music, movie, TV, video games and sports activities. Shamrock’s Capital Debt Opportunities Fund raised the cash from each present and new restricted companions and is managed by Shamrock companions and different funding professionals, together with pension funds, foundations and monetary establishments.