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Laxman Pai, Opalesque Asia:

Los Angeles-based investment firm Shamrock Capital closed its latest fund, Shamrock Capital Growth Fund V (SCGF V), at its $1 billion hard cap.

The buyout and growth equity fund makes investments of $25 million to $200 million within Shamrock's core industries of media, entertainment, and communications.

SCGF V's limited partners include a diverse mix of existing and new investors from leading pension funds, endowments and foundations, family offices, and financial institutions.

Investors in the fund include the $38.1 billion Texas County & District Retirement System, Austin; $12 billion Sacramento County (Calif.) Employees' Retirement System; and $9.6 billion Rhode Island Employees' Retirement System, Providence.

"We are grateful for the continued support of our longstanding investors and welcome our new investors as Shamrock looks to continue generating compelling returns for our limited partners around our investment themes," said Steve Royer, Partner at Shamrock Capital. "We see tremendous opportunities ahead within our targeted sectors and are honored to be working with our talented executives that lead our portfolio companies as they grow their platforms."

SCGF V is managed by the Partners of Shamrock and other investment professionals in Los Angeles, California. Shamrock did not use a placement agent for SCGF V. Shamrock has approximately $3.5 billion of total assets under management.

"Shamrock will cont......................

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