Participant Media, the media company founded by Jeff Skoll that aims to foster social change, has joined investment manager TPG Growth and investment bank Evolution Media Capital in their investment in Evolution Media.

Evolution Media aims to partner with and invest up to $350 million in the growth stage companies in global media, sports, and entertainment.

Participant has acquired an equity stake in Evolution Media’s existing holdings and says it intends to further invest with Evolution Media. Participant CEO, Jim Berk, and COO, Jeff Ivers, will join the Evolution Media Board of Directors.

“Our partnership with TPG Growth and EMC allows us to accelerate our reach and impact,” said Berk.

Participant and EMC have a prior relationship, having previously collaborated on Participant’s investments in Summit Entertainment and Image Nation Film Fund, as well as its acquisition of The Documentary Channel.

“Innovative technologies and new delivery channels have made this an exciting time in the media and entertainment industry,” said Bill McGlashan, managing partner and founder of TPG Growth. He described the joint effort as: “an unrivalled team to help young companies quickly reach their potential.”

EMC was formed as a partnership with Creative Artists Agency. It offers investment advisory, asset management, industry research, and capital-raising services.

With $3.7 billion under management TPG Growth is the middle market and growth equity investment unit of $59 billion global investment group TPG. Its recent investments include a recently launched film studio with Hollywood producer Bob Simonds, Uber, Airbnb, vRide, Fender, SuccessFactors, and SurveyMonkey.