Shamrock Closes Second Entertainment Content Fund

Shamrock Capital has held a final closing of Shamrock Capital Content Fund II LP with $400 million of capital.

New and existing limited partners in Fund II include pension funds, sovereign wealth funds, endowments and foundations, family offices and financial institutions.

“We are very pleased to announce the close of our second content-focused fund,” said Patrick Russo, a partner at Shamrock. “The market’s response to Fund II speaks to the strength of our strategy, particularly at a time when investors are seeking alternative investments with uncorrelated returns. We are grateful for the support of our many limited partners and look forward to continuing to successfully execute on this unique strategy.”

Shamrock’s content strategy invests from $5 million to $50 million in entertainment-related intellectual property rights of films, television programming, music, and video games.

“The closing of Fund II builds upon Shamrock’s long-term multi-fund strategy that leverages our strength and expertise across the global media, entertainment and communications sectors,” said Steve Royer, managing partner at Shamrock.

The new fund is a continuation of the firm’s first content fund which raised $250 million in 2016 and invested in more than 800 films, 1,000 television episodes, and 5,000 music compositions. Typical Shamrock content opportunities have long-term revenue streams from multiple distribution platforms; predictable post-release performance characteristics; and low correlation to general economic trends.

With the closing of Fund II, Shamrock has announced that Jason Sklar has been promoted to partner and Andrew Landenberger to principal.

Mr. Sklar has been with Shamrock since 2015 and is active with the firm’s content acquisition strategy. Prior to joining Shamrock, he was an executive director with J.P. Morgan’s entertainment industries group. Mr. Landenberger joined Shamrock in 2016 from MGM Studios where he was vice president of corporate finance.

“The promotions of both Jason and Andrew alongside the close of Fund II are extremely well deserved as they have each played critical roles in our growth and success,” added Mr. Russo. “Their continuous commitment to excellence will no doubt contribute to the success of our next fund and the firm overall in their new roles.”

Shamrock Capital Advisors has $1.9 billion of assets under management and invests from $15 million to $100 million of control or minority equity in growth capital and buyouts. Sectors of interest include media, entertainment, communications, and intellectual property. The firm was founded in 1978 as the Roy E. Disney family investment company and is headquartered in Los Angeles.

Shamrock did not utilize a placement agent on this fundraise.

Private Equity Professional | July 22, 2020

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