Shamrock Capital Raises More Than $800 Million in Capital Commitments for Entertainment IP

Shamrock Capital, best known for being the firm that sold Taylor Swift her early masters, said on Wednesday (May 20) it closed a fourth fund with more than $810 million in capital committed by investors and its general partner.

The Los Angeles-based investment firm said this is its fourth fund within its content strategy, which launched in 2015 and now handles 3.3 billion in assets under management across equity and debt products. The strategy has invested across film, TV, music, video games and sports rights, including in the assets of Metro Boomin and Dr. Dre.

“For more than a decade, we have invested in content and media rights, and this fundraise reflects the depth of the expertise and platform we have built at Shamrock,” said Patrick Russo, partner and member of Shamrock’s executive committee. “As content becomes more global, more valuable, and more complex to finance, we believe the need for sophisticated, long-term capital partners has never been greater. We have built our strategy to meet that need for content creators and rights-holders worldwide.”

The company said the fund was oversubscribed, having initially targeted $700 million, with commitments coming from pension funds, endowments, foundations, family offices, insurance companies and other institutional investors from the United States, Europe and Asia.

Shamrock was established as the family office for Roy E. Disney around 50 years ago The firm now says it has approximately $7.4 billion in assets under management as of May 11.

“The most valuable content assets are the ones that fans return to across generations, regardless of where or how they consume them,” said Jason Sklar, partner and executive committee member at Shamrock. “We are long-term investors, and the trust we have earned alongside artists, creators, and rights holders is the foundation of everything we do.”

Kirkland & Ellis LLP served as legal counsel to Shamrock Capital. No placement agent was used in connection with the fundraising process.