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Laxman Pai, Opalesque Asia: Shamrock Capital, a Los Angeles-based investment firm with a $1.9bn portfolio under management, announced the final closing of Shamrock Capital Content Fund II (SCCF II), with a total of $400 million in committed capital.
SCCF II will be used to "continue investing in entertainment intellectual property rights", said a company release.
The capital behind Shamrock Capital Content Fund II has been raised from a mixture of pension funds, sovereign wealth, endowments and foundations, family offices, and financial institutions. Shamrock did not use a placement agent for SCCF II.
Its first fund, which raised $250 million in 2016, now holds an interest in more than 800 films, 1,000 television episodes, and 5,000 music compositions.
"We are very pleased to announce the close of our second content-focused fund," said Patrick Russo, Partner at Shamrock Capital. "The market's response to Fund II speaks to the strength of our strategy, particularly at a time when investors are seeking alternative investments with uncorrelated returns. We are grateful for the support of our many LPs and look forward to continuing to successfully execute on this unique strategy."
Steve Royer, the Managing Partner at Shamrock Capital, said, "The closing of Fund II builds upon Shamrock's long-term multi-fund strategy that leverages our strength and expertise across the global media, entertainment and communications sectors."
Shamrock also announced that in con...................... To view our full article Click here
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