Shamrock Capital Announces $250 Million Fund to Pursue Entertainment Library Deals

L.A.-based firm has approximately $1.8 billion of assets under management

Last Updated: May 25, 2016 @ 4:13 PM

Shamrock Capital Advisors closed a $250 million fund to acquire or finance entertainment intellectual property rights, the L.A.-based company announced Wednesday.

Shamrock, which has approximately $1.8 billion of assets under management, plans to explore a diverse group of library assets that have gone through their initial window of release, including filmed entertainment, television programming, music publishing rights, recorded music masters, video games and other forms of entertainment content.

This marks the first fund of its type for Shamrock and reflects an extension to its successful long-term strategy of providing buyout and growth capital investments in companies within the media, entertainment and communications industries.

EIP’s limited partners comprise a diverse mix of existing and new Shamrock investors that include leading pension funds, endowments and foundations, family offices and financial institutions.

The new fund is led by Patrick Russo, who joined Shamrock in 2014 after co-founding Salter Group.

In support of the new fund, Shamrock also hired Jason Sklar, former Executive Director with JP Morgan’s Entertainment Industries Group, as a Managing Director, former MGM exec Andrew Landenberger as a Vice President and former Legendary Entertainment executive Zoltan Kraus as a Senior Associate.

“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,” Shamrock partner Steve Royer said 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.”

“We have assembled a sophisticated team with extensive experience in forecasting, valuing and financing entertainment content,” expressed Patrick Russo.  “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.”

Shamrock did not use a placement agent for EIP.