Mr. Yen, who has been with Saban since June 2008, will continue to lead the firm’s activities in the digital media and consumer Internet sectors. In his seven years with Saban, Mr. Yen has grown the firm’s portfolio with investments in Vessel (next generation video platform), IronSource (online and mobile downloaded applications), and PlayBuzz (web embedded quizzes and polls), among others. Additionally, Mr. Yen has advised Saban’s portfolio of companies including Saban Brands and Univision on digital acquisitions and strategies.
“Richard’s strategic vision and expertise have contributed to the expansion of Saban’s investment portfolio through the years,” said Adam Chesnoff, Saban’s President and Chief Operating Officer. “We are pleased to promote Richard to Managing Director, Private Equity, reinforcing our continued focus to partner with and contribute to strong and growing global digital businesses.”
Prior to working for Saban, Mr. Yen was a Principal at Blueprint Ventures and established the firm’s digital media and Internet investing practice. Prior to Blueprint, he worked for Rustic Canyon Partners, a technology venture capital firm where he focused on software and wireless investments.
Saban Capital Group specializes in the media, entertainment and communications industries. The firm invests in both public and private companies worldwide and adds strategic value through its established relationships and industry experience. Saban invests across all stages including early stage venture capital as well as later stage private equity transactions. The firm was founded in 2001 and is based in Los Angeles, CA (www.saban.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-16-15