Last summer, MBW reported that Shamrock Capital raised $ 400 million into a new fund – and that it intends to spend that money on entertainment IP, including music copyrights.
In November, we learned that Shamrock had spent approximately $ 300 million to purchase the master rights to Taylor Swift’s first six albums from Scooter Braun’s Ithaca Holdings.
Now, the Los Angeles-based investment firm, which manages approximately $ 3.5 billion in total assets, has closed a new $ 1 billion growth fund called Shamrock Capital Growth Fund V.
While Shamrock’s announcement of the new fund doesn’t list music-related investments as a specific target, it does say the fund will focus on buyouts and later “growth stock investments” in three target industries: media, entertainment and communications.
Shamrock’s own content portfolio currently consists of participation in over 800 films, over 1,000 television episodes and over 20,000 musical compositions.
Prior to the $ 300 million acquisition of Swifts Masters in November, one of Shamrock’s largest music-related acquisitions came in 2018 when the company acquired a music publishing catalog owned by Stargate – the writers behind the hits for Rihanna, Beyoncé, Katy Perry and more.
In addition to the news about the new fund, Shamrock Capital has also made two senior promotions.
Sam Halls was promoted to Principal and Alicia Zhu to Vice President.
Halls joined Shamrock in 2016 and was previously an associate at Silver Lake Sumeru.
Zhu joined Shamrock in 2019, previously with The Walt Disney Company, where she focused on M&A and long-term strategic initiatives.
“Shamrock will continue to invest in companies involved in the convergence and transformation of media, entertainment and communications.”
Steve Royer, Shamrock Capital
“We are grateful for the continued support of our longstanding investors and welcome our new investors as Shamrock continues to drive attractive returns for our limited partners around our investment themes,” said Steve Royer, Partner at Shamrock Capital.
“We see tremendous opportunities in our target sectors and are honored to work with our talented executives who lead our portfolio companies as their platforms grow.”
Royer added, “Shamrock will continue to invest in companies involved in the convergence and transformation of media, entertainment and communications.
“We will continue to work with management teams who are leaders in some of the most dynamic parts of our economy, including the creative economy, talent and content, games, sports betting, marketing services, infrastructure, personal / professional improvement platforms, and the technology platforms that make this transformation drive forward. “
Shamrock’s current media private equity investments include Ad Results Media, Adweek, Appetize, Bayard Advertising, Branded Cities, Canopy Spectrum, DeCurtis, Excel Sports Management, and others.Music business worldwide