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Laxman Pai, Opalesque Asia: Private investment management firm Domain Capital, along with its Domain Capital Advisors (DCA) subsidiary, has pulled down $700 million in equity commitments for its entertainment fund and co-investment vehicle focused on film, television, and music, with an allocation for other related investment opportunities.
With $170 million having already been spent, Domain reiterated that it will look to invest the remaining capital in film, television, and music moving forward.
According to a media release from the Atlanta-based investment firm, the fund follows the company's successful deployment of an $830 million separate account launched in 2012, which focused primarily on film and television assets.
DCA manages entertainment investments for corporate and public state pensions, insurance companies, university endowments, and multi-family offices, among others, it said.
Anthony Tittanegro, executive managing director of Domain Capital Group said: "At a time of sustained entertainment industry growth supported by an ever-evolving landscape of distribution channels, we are focused on building a diversified asset base to generate cash yield and help maintain our investors' capital."
DCA's media and entertainment group specialize in a wide range of assets including digital media, feature films, television, literary works, music publishing and recording rights, and theatrical productions. The fund also participates in long-term partnershi...................... To view our full article Click here
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