Shamrock Capital, a Los Angeles-based investment firm specialising in media, entertainment, communications and related sectors has held the final closing of Shamrock Capital Content Fund III, which is to acquire a diverse and global portfolio of content and media rights, with over $600m in commitments, exceeding its target of $500m.
SCCF III, the third equity fund for Shamrock’s Content Strategy, will follow the same mandate as its two predecessor funds and partner with content creators and owners while targeting the acquisition of premium, cash-flowing portfolios across film, television, music, video games, sports rights and other forms of content.
Shamrock’s Content Strategy, which launched with the Shamrock Capital Debt Opportunities Fund in 2020, has reached $2 billion in AUM.
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The fundraise was supported by existing investors, in addition to ‘significant’ interest from new investors. SCCF III’s limited partners include a diverse mix of state, county and corporate pension funds, endowments, foundations, family offices, and other financial institutions.
Kirkland & Ellis LLP served as legal advisor for Shamrock and no placement agent was used for the fundraise.
Source: Private Equity Wire
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