Last summer season, MBW reported that Shamrock Capital had raised $400 million in a new fund – and that it meant to spend that cash on leisure IP, together with music copyrights.
In November, we discovered that Shamrock had spent round $300 million to purchase the grasp rights to Taylor Swift’s first six albums from Scooter Braun’s Ithaca Holdings.
Now, the Los Angeles-based funding firm, which has roughly $3.5 billion of complete belongings below administration, has closed a new $1 billion growth fund, entitled Shamrock Capital Growth Fund V.
While Shamrock’s announcement of the new fund doesn’t checklist music-associated investments as a goal particularly, it does state that the fund will likely be targeted on buyouts and later-stage “growth equity investments” inside three goal industries: media, leisure, and communications.
Shamrock’s owned content material portfolio at present consists of an curiosity in over 800 movies, over 1,000 tv episodes, and over 20,000 music compositions.
Prior to its ≈$300m acquisition of Swift’s masters in November, considered one of the greatest music-associated acquisitions for Shamrock got here in 2018, when the firm acquired a music publishing catalog owned by Stargate – the writers behind hits for Rihanna, Beyoncé, Katy Perry and extra.
Alongside the news of the new fund, Shamrock Capital has additionally made two senior promotions.
Sam Halls has been promoted to Principal and Alicia Zhu to Vice President.
Halls joined Shamrock in 2016 and previous to that, he was an Associate at Silver Lake Sumeru.
Zhu joined Shamrock in 2019 and previous to that, she was at The Walt Disney Company the place she targeted on M&A and lengthy-time period strategic initiatives.
“Shamrock will continue to invest in companies that are involved in the convergence and transformation taking place within media, entertainment and communications.”
Steve Royer, Shamrock Capital
“We are grateful for the continued support of our longstanding investors and welcome our new investors as Shamrock looks to continue generating compelling returns for our limited partners around our investment themes,” stated Steve Royer, Partner at Shamrock Capital.
“We see tremendous opportunities ahead within our targeted sectors and are honored to be working with our talented executives that lead our portfolio companies as they grow their platforms.”
Added Royer: “Shamrock will continue to invest in companies that are involved in the convergence and transformation taking place within media, entertainment and communications.
“We will continue to partner with management teams that are leading companies in some of the most dynamic parts of our economy, including the creator economy, talent and content, gaming, sports betting, marketing services, infrastructure, personal/professional betterment platforms, and the technological platforms that power this transformation.”
Shamrock’s present personal fairness investments in media embrace the likes of Ad Results Media, Adweek, Appetize, Bayard Advertising, Branded Cities, Canopy Spectrum, DeCurtis, Excel Sports Management and others.Music Business Worldwide