Final summer time, MBW reported that Shamrock Capital had raised $ 400 million in a brand new fund – and that it meant to spend that cash on leisure mental property, together with music copyrights.
In November we realized that Shamrock had handed approximately $ 300 million purchase the main rights to Taylor Swift’s first six albums of Scooter Braun’s Ithaca Holdings.
As we speak, the Los Angeles-based funding agency, which manages whole property of round $ 3.5 billion, closed a brand new $ 1 billion development fund known as Shamrock Capital Progress Fund V.
Whereas Shamrock’s announcement of the brand new fund doesn’t particularly record music-related investments as a goal, it does point out that the fund will deal with buyouts and “development fairness investments” at a later stage in three goal sectors. : media, leisure and communications.
The content material portfolio owned by Shamrock at present consists of an curiosity in over 800 movies, over 1,000 tv episodes and over 20,000 musical compositions.
Previous to his 300 million yen acquisition from the Swift Masters in November, one of many largest music-related acquisitions for Shamrock got here in 2018, when the company acquired a music publishing catalog owned by Stargate – hit writers Rihanna, Beyoncé, Katy Perry and extra.
Together with the announcement of the brand new fund, Shamrock Capital additionally made two senior promotions.
Sam Halls has been promoted to director and Alicia Zhu to vice chairman.
Halls joined Shamrock in 2016 and previous to that he was a accomplice at Silver Lake Sumeru.
Zhu joined Shamrock in 2019 and previous to that she was at The Walt Disney Firm the place she centered on mergers and acquisitions and long run strategic initiatives.
“Shamrock will proceed to put money into firms concerned within the ongoing convergence and transformation in media, leisure and communications. “
Steve Royer, Shamrock Capital
“We’re grateful for the continued help of our long-time traders and welcome our new traders as Shamrock seeks to proceed to generate enticing returns for our sponsors round our funding themes,” mentioned Steve Royer, Companion at Shamrock Capital.
“We see big alternatives forward in our focused industries and we’re honored to work with our gifted leaders who lead our portfolio firms as they develop their platforms. “
Royer added, “Shamrock will proceed to put money into firms concerned within the convergence and transformation underway in media, leisure and communications.
“We are going to proceed to accomplice with management groups that lead firms in among the quickest rising elements of our financial system, together with the Creator Economic system, Expertise and Content material, Gaming, Sports activities Betting, Advertising and marketing Companies, the infrastructure, private / skilled enchancment platforms and expertise platforms which can be fueling this transformation.
Shamrock’s present personal fairness investments in media embody Advert Outcomes Media, Adweek, Appetize, Bayard Promoting, Branded Cities, Cover Spectrum, DeCurtis, Excel Sports activities Administration and others.Music commerce world wide