Los Angeles-based Shamrock Capital Advisors, LLC closed a $250 million fund focused on intellectual property rights, Entertainment IP Fund, L.P. The fund, led by Shamrock partner Patrick Russo, will acquire or finance assets that have been through their initial window of release.
Shamrock Capital Advisors, LLC (“Shamrock”) today announced the final closing of Entertainment IP Fund, L.P. (“EIP”), a $250 million fund focused on acquiring or financing entertainment intellectual property rights across a diverse group of assets that have been through their initial window of release, which may include: filmed entertainment, television programming, music publishing rights, recorded music masters, video games and other forms of entertainment content. This marks the first fund of its type for Shamrock and reflects an extension to its successful long-term strategy of providing buyout and growth capital investments in companies within the media, entertainment and communications industries.
EIP’s limited partners comprise a diverse mix of existing and new investors to Shamrock from leading pension funds, endowments and foundations, family offices and financial institutions.
“The launch of EIP reflects an exciting new chapter in our firm’s storied history and capitalizes on our deep roots and connections across the global entertainment industry,” stated Steve Royer, Partner of Shamrock. “Our ability to look across the industry and apply capital through our multi-fund strategies represents a unique opportunity for Shamrock to partner and transact with numerous industry constituents in many new and interesting ways.”
EIP is led by Patrick Russo (formerly a co-founder of Salter Group), who joined Shamrock as a Partner in late 2014 to pursue this new strategy for the firm. In support of EIP, Shamrock also hired Jason Sklar (former Executive Director with JP Morgan’s Entertainment Industries Group) as a Managing Director, Andrew Landenberger (formerly with MGM) as a Vice President and Zoltan Kraus (formerly with Legendary Entertainment) as a Senior Associate.
“We have assembled a sophisticated team with extensive experience in forecasting, valuing and financing entertainment content,” expressed Patrick Russo. “We believe our team’s deep industry knowledge and transactional experience, when combined with Shamrock’s platform, legacy and track record of successfully investing in the global media, entertainment and communications industries create a uniquely positioned investment opportunity for our investors.”
EIP is managed by Shamrock from an office in Los Angeles, California with approximately $1.8 billion of assets under management.
Shamrock did not use a placement agent for EIP.
About Shamrock Capital Advisors LLC
Shamrock Capital Advisors, LLC is a Los Angeles-based alternative investment firm with approximately $1.8 billion of assets under management investing exclusively in the media, entertainment, and communications sectors. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. Shamrock’s current investments include Consilio, FanDuel, Giant Creative/Strategy, Isolation Network, Mobilitie, Questex, Recorded Books, Screenvision, Silvergate Media and Wazee Digital. For more information, visit www.shamrockcap.com.