Shamrock Capital Advisors, which invests in media, entertainment and communications, closed its third fund at $400 million. The Los Angeles-based PE firm began marketing for the fund in late 2010. It did not use a placement agent but Kathryn Sanders of O’Melveny & Meyers provided legal advice. In conjunction with closing the pool, Michael LaSalle and Andy Howard became partners of Shamrock.
Shamrock Capital Advisors, LLC is pleased to announce the final closing of Shamrock Capital Growth Fund III, L.P., a $400 million fund focused on providing buyout and growth capital investments in companies in the media, entertainment and communications industries. Shamrock targets companies benefitting from growth trends in the media, entertainment and communication sectors. The fund will invest in companies seeking $15 million to $75 million of capital in both control and non-control transactions.
Shamrock has closed three funds focused on media, entertainment and communication investing since 2001. Shamrock’s limited partners comprise a mix of existing and new investors from leading pension funds, endowments and foundations, family offices, and financial institutions. Shamrock launched its limited marketing process in late 2010 and Fund III had significant demand exceeding its $400 million cap.
“The support we received from our existing limited partner base and new partners was exceptional,” stated Steve Royer, Partner of Shamrock. “We are very grateful to those partners, and we are excited about our team’s ability to achieve above market returns for our investors. The lower middle market for media, entertainment and communication continues to have significant opportunity for growth.”
In conjunction with this closing Michael LaSalle and Andy Howard join Mr. Royer, Robert Perille, and Will Wynperle as Partners of Shamrock. The fund is managed by the Partners and other investment professionals from an office in Los Angeles, CA.
Shamrock did not use a placement agent for Fund III and Kathryn Sanders of O’Melveny & Meyers LLP served as legal counsel in the formation of the fund.
About Shamrock Capital Advisors LLC Shamrock is an independent Los Angeles-based private equity firm focused solely on the media, entertainment, and communications industries. In 2010, Shamrock’s private equity activities were formally separated from Shamrock Holdings, Inc., the family office for the late Roy E. Disney. Shamrock is now majority owned by its partners and invests on behalf of a diversified group of institutional limited partners in both control and minority investments. Shamrock currently has over $700 million under management.