Stuart J. Epstein has been named co-managing partner of Evolution Media Capital, the investment and advisory arm of Creative Artists Agency.
In Epstein, CAA gets a veteran media executive who has held key roles at Morgan Stanley and NBCUniversal. He joins Evolution Media Capital’s Co-Managing Partners Rick Hess and Bob Stanley, and has been tasked with expanding the boutique firm’s advisory services and identifying investment opportunities.
“Stuart has been at the epicenter of the media and entertainment industry for the past two decades, and no one is better equipped to help EMC provide the highest level of service and capture every opportunity possible for its clients,” said CAA President Richard Lovett in a statement.
Formed in 2008, Evolution Media Capital has served as financial advisor for the likes of the Tribeca Film Festival and the Madison Square Garden Company. It also assisted with Entertainment One’s purchase of the Mark Gordon Company, the sales of the Texas Rangers and Philadelphia 76ers, and various TV deals for the Pac-12 conference and the San Diego Padres.
Last year, it paired with investment company TPG Growth and Participant Media to form Evolution Media Partners to invest as much as $500 million in media, sports and entertainment players. Its creation was part of a larger trend that has seen talent agencies move away from just representing actors, writers and directors to becoming media behemoths that invest and broker major corporate deals.
Epstein most recently served as NBCUniversal’s chief financial officer. Prior to that, he was global head of Morgan Stanley’s media and communications group, and helped oversee Comcast’s 2009 purchase of a controlling stake in NBCUniversal.