Shamrock Capital Advisors has held a final closing of Shamrock Capital Growth Fund IV, LP at its $700 million hard-cap. Shamrock began a limited marketing process in late 2015 and Fund IV had demand above its $700 million hard-cap. Shamrock did not use a placement agent for the raising of Fund IV.
Shamrock Capital Advisors was founded in 1978 as the family office of Roy E. Disney. Today, the firm is majority owned by its partners Stephen Royer, William Wynperle, Michael LaSalle, Andrew Howard, Patrick Russo, and Alan Resnikoff. In tandem with the close of the new fund, Shamrock promoted Mr. Resnikoff to Partner. Other promotions included Laura Held to Principal and Bhuvan Jain to Vice President.
Shamrock’s earlier fund, Shamrock Capital Growth Fund III, closed with $400 million of capital commitments in 2010. Fund II closed in 2005 with $312 million of capital commitments and Fund I with $200 million in 2001. Like each of its earlier funds, the new fund will make buyout and growth capital investments in media, entertainment and communications companies. Shamrock will make equity investments of $20 million to $100 million in both control and non-control transactions.
The limited partners in Fund IV include the usual mix of existing and new investors from pension funds, endowments, foundations, family offices, and financial institutions.
“We are grateful for the continued support we received from our existing limited partners and are thrilled to add several well-respected limited partners to our investor base,” said Mr. Royer. “The sectors in which we invest are quite dynamic with tremendous opportunities for growth and we are excited about our team’s potential to continue to produce above-market returns for our investors.”
Shamrock’s current investments include Consilio, FanDuel, Giant Creative/Strategy, Isolation Network, Mobilitie, Questex, Recorded Books, Screenvision and Wazee Digital. The firm is headquartered in Los Angeles (www.shamrockcap.com)
© 2016 Private Equity Professional • 2-18-16
