You will be redirected back to your article in seconds

Shamrock Capital Advisors Raises $250 Million for Entertainment Deals (EXCLUSIVE)

In a sign of bullishness about the entertainment industry, private equity firm Shamrock Capital Advisors LLC has closed its $250 Million Entertainment IP Fund.

The fund is focused on acquiring or financing entertainment intellectual property rights across a diverse group of assets that have been through their initial window of release, including films, television programming, music publishing rights, recorded music masters and video games. It’s the first fund of its type for Shamrock, which said the entity is an extension of its long-term strategy of providing buyout and growth capital investments in companies in the media, entertainment and communications industries.

Shamrock said the fund’s limited partners are a mix of existing and new investors to Shamrock from pension funds, endowments, foundations, family offices and financial institutions.

“The launch of EIP reflects an exciting new chapter in our firm’s storied history and capitalizes on our deep roots and connections across the global entertainment industry,” said Shamrock partner Steve Royer in a statement. “Our ability to look across the industry and apply capital through our multi-fund strategies represents a unique opportunity for Shamrock to partner and transact with numerous industry constituents in many new and interesting ways.”

EIP is led by Patrick Russo, a co-founder of Salter Group, who joined Shamrock as a partner in late 2014 to pursue this new strategy for the firm. To support the new fund, Shamrock also hired Jason Sklar (former executive director with JP Morgan’s Entertainment Industries Group) as a managing director, Andrew Landenberger (formerly with MGM) as a VP and Zoltan Kraus (formerly with Legendary Entertainment) as a senior associate.

“We have assembled a sophisticated team with extensive experience in forecasting, valuing and financing entertainment content,” Russo said. “We believe our team’s deep industry knowledge and transactional experience, when combined with Shamrock’s platform, legacy and track record of successfully investing in the global media, entertainment and communications industries create a uniquely positioned investment opportunity for our investors.”

EIP is managed by Shamrock from an office in Los Angeles with approximately $1.8 billion of assets under management. Shamrock did not use a placement agent for EIP.

Shamrock’s current investments include Consilio, FanDuel, Giant Creative/Strategy, Isolation Network, Mobilitie, Questex, Recorded Books, Screenvision, Silvergate Media and Wazee Digital.

“Diversifying our investment strategy is a natural expansion of leveraging Shamrock’s history,” Russo told Variety. “We have a great track record of investments.”

Shamrock traces its roots back to 1978, when the predecessor firm was founded as the investment company for the late Roy E. Disney. In 2010, Shamrock’s private equity activities were formally separated from Shamrock Holdings.

In February, Shamrock Capital Advisors closed Shamrock Capital Growth Fund IV, a $700 million fund focused on providing buyout and growth capital investments in companies within the media, entertainment and communications industries. It was the fourth such fund raised and managed by Shamrock Capital.

(Jason Sklar is pictured in the photo)

More Film

  • Romanian Crime-Thriller 'The Whistlers' Bought for

    Romanian Crime-Thriller 'The Whistlers' Bought for North America

    Magnolia Pictures has bought North American rights to the Romanian crime thriller “The Whistlers” following its premiere in competition at the Cannes Film Festival. Written and directed by Corneliu Porumboiu, the film stars Vlad Ivanov, Catrinel Marlon, Rodica Lazar, Antonio Buil, Agustí Villaronga, Sabin Tambrea, Julieta Szonyi and George Pisterneanu. Magnolia is eyeing a theatrical [...]

  • Naomi Scott Talks Rebooting Princess Jasmine

    'Aladdin': Naomi Scott on Why Her Princess Jasmine Needed Nasim Pedrad's New Character

    Call Naomi Scott the queen of the reboot – or at least, the princess. The 26-year-old actress is taking on the role of Princess Jasmine in Disney’s live-action remake of “Aladdin,” but it’s not her first time jumping into a role that’s already been well-established. Audiences may recognize Scott from 2017’s “Power Rangers” update, where [...]

  • Moby Natalie Portman

    Moby Accuses Natalie Portman of Lying as the Two Spar Over Dating Claims

    In what’s become a he said/she said spat in multiple mediums, Moby, the elder statesman of electronic music, is now accusing actress Natalie Portman of lying and pleading to those on social media for his safety as “physical threats from complete strangers” emerge. To recap: this month, Moby released a new book, “Then It All [...]

  • A QUIET PLACE Emily Blunt

    'A Quiet Place' Sequel Moves Ahead Two Months to March 2020

    Paramount Pictures has moved its sequel to “A Quiet Place” ahead by two months from May 15 to March 20, 2020. John Krasinski is returning to direct the still-untitled movie with Emily Blunt, Millicent Simmonds and Noah Jupe reprising their roles. Cillian Murphy is joining the cast. “A Quiet Place” grossed $340 million at the [...]

  • Sony Pictures Classics Buys Michael Covino's

    Cannes: Sony Pictures Classics Buys Michael Covino's 'The Climb'

    Sony Pictures Classics has acquired all worldwide rights, excluding France and German-speaking Europe, to Michael Angelo Covino’s buddy comedy “The Climb.” The film premiered in the Un Certain Regard section at the Cannes Film Festival and won the Un Certain Regard Heart Prize alongside “A Brother’s Love” on Friday. Covino directed, co-wrote (with Kyle Marvin) [...]

  • Aladdin

    'Aladdin' Heads for Magical $100 Million Opening in North America

    Disney’s live-action “Aladdin” is heading for at least $100 million in North America during the four-day Memorial Day holiday weekend, early estimates showed Friday. “Aladdin” will likely finish Friday with around $30 million, including $7 million in Thursday night previews. Sony’s launch of horror-thriller “Brightburn” should pull in about $10 million for the holiday weekend and [...]

More From Our Brands

Access exclusive content