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Laxman Pai, Opalesque Asia: Shamrock Capital, a Los Angeles-based investment firm with a rich history of investing in the media, entertainment, and communications sectors, raised a total of about $1.6 billion for two new private equity funds.
The firm spun off in 2010 from the family investment office of Roy E. Disney, a nephew of Walt Disney, said in a media release that after launching the fundraise in Q1, Growth VI was quickly oversubscribed, ultimately surpassing its hard cap of $1.25 billion, while Clover I also significantly exceeded its target, raising approximately $320 million within six months.
The Funds will focus on buyouts and later-stage growth equity investments in middle-market companies across Shamrock's target sectors, seeking to capture Shamrock's proprietary middle-market deal flow, thematic approach and expertise, and value creation capabilities by utilizing the same strategy Shamrock has implemented since 2001, said the firm with approximately $6.6 billion of assets under management.
Investments made by the Funds will be delineated by size: Growth VI will participate in equity investments of at least $45 million. Clover I, which is a new product for Shamrock, will participate in investments under $45 million, said the release.
"We believe our latest funds, Growth VI and Clover I, position us to continue to generate compelling returns for our investors by making high conviction, thematic, and differentiated investments in dynamic, ...................... To view our full article Click here
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