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Laxman Pai, Opalesque Asia: Shamrock Capital Advisors, a Los Angeles-based investment firm that grew out of the family office of the late Roy Disney, a longtime Walt Disney Co. executive, has raised more than $600 million in commitments for its third equity fund for content strategy, exceeding its hard cap against a target of $500 million.
Shamrock Capital Content Fund III (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.
The firm, which long ago severed ties with the Disney family, said its latest fund, called Shamrock Capital Content Fund III LP, is more than double the size of its first such vehicle, which closed on about $250 million in 2016. In 2020, Shamrock expanded its Content Strategy with the launch of Shamrock Capital Debt Opportunities Fund I, L.P. to originate loan structures to content and media rights owners.
Shamrock's Content Strategy, which launched with the Shamrock Capital Debt Opportunities Fund in 2020, has reached $2 billion in AUM.
Patrick Russo, Partner at Shamrock said: "The closing of SCCF III continues to build on our multi-product platform and long-term strategy of owning and financing premium content and media rights. Our track record of successfully i...................... To view our full article Click here
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