Lower than a 12 months after it offered Taylor Swiftthe grasp rights to her first six studio albums, Shamrock Capital has closed a brand new content material acquisition fund with complete capital commitments of USD $813 million.
The fund – Shamrock Capital Content material Fund IV – will goal leisure rights together with music, movie, tv, sports activities, video video games, and creator financial system alternatives.
Content material IV was oversubscribed by first shut and accomplished its fundraise in simply over three months, based on Shamrock, exceeding its $700 million goal.
The fund is the fourth inside Shamrock‘s Content material Technique, which the agency says has grown to greater than $3.3 billion in AUM throughout fairness and debt merchandise over the previous decade.
Shamrock‘s earlier three Content material Technique funds have been used to accumulate music property together with the Stargate publishing catalog and a portfolio of greater than 150 songs by Calvin Harris, alongside movie and tv rights.
The agency is probably greatest identified within the music business for getting Swift‘s masters from Ithaca Holdings in November 2020, in a deal that sources instructed MBW price round $405 million, earlier than promoting the artist the rights for an undisclosed price 12 months in the past.
Content material IV will likely be managed by Shamrock‘s devoted Content material Technique crew, which has constructed and scaled the technique since its inception.
That crew additionally attracts on Shamrock‘s almost 50-year historical past investing throughout world media and leisure – a historical past that dates again to the agency’s founding in 1978 because the household funding firm for the late Roy E. Disney.
“For greater than a decade, we’ve got invested in content material and media rights, and this fundraise displays the depth of the experience and platform we’ve got constructed at Shamrock,” mentioned Patrick Russo, Companion and Government Committee member at Shamrock.
“Our crew brings confirmed expertise throughout movie, tv, music, gaming, sports activities and past, which permits us to underwrite complexity and construction investments with a excessive diploma of conviction.
“As content material turns into extra world, extra useful, and extra advanced to finance, we imagine the necessity for classy, long-term capital companions has by no means been higher.”
Patrick Russo, Shamrock
“As content material turns into extra world, extra useful, and extra advanced to finance, we imagine the necessity for classy, long-term capital companions has by no means been higher.
“Now we have constructed our technique to fulfill that want for content material creators and rights-holders worldwide.
“We’re grateful to our current and new traders for his or her help and energized by the compelling alternatives forward of us throughout the worldwide content material ecosystem.”
Jason Sklar, Companion and Government Committee member at Shamrock, added: “The content material panorama has by no means been extra advanced or extra compelling.
“We’re witnessing a elementary restructuring of how IP is created, owned, and monetized – and we imagine we’re uniquely positioned to see how all of those content material worlds join and converge.
“We’re long-term traders, and the belief we’ve got earned alongside artists, creators, and rights holders is the inspiration of all the things we do.”
Jason Sklar, Shamrock
“This fundraise is constructed on a easy however highly effective conviction: essentially the most useful content material property are those that followers return to throughout generations, no matter the place or how they devour them.
“We’re long-term traders, and the belief we’ve got earned alongside artists, creators, and rights-holders is the inspiration of all the things we do.”
Shamrock‘s Content material Technique has expanded quickly since its launch.
In July 2024, Shamrockacquired the Vine Various Investments portfolio – together with the Calvin Harris catalog – in what the Wall Avenue Journal reported was the agency’s largest-ever particular person transaction through its Content material Technique.
In November 2024, Shamrockraised $1.6 billion throughout two personal fairness funds – Development Fund VI and Clover Fund I – targeted on buyout and development fairness investments throughout media, leisure, and associated sectors.
Throughout its total platform, Shamrock Capital says it at the moment has roughly $7.4 billion of property beneath administration.
The Content material IV fund attracted commitments from a globally diversified investor base that features pension funds, endowments, foundations, household workplaces, insurance coverage corporations, and different institutional traders throughout the United States, Europe, and Asia-Pacific.
The brand new fund’s $813 million complete is inclusive of the final associate dedication. Kirkland & Ellis LLP served as authorized counsel to Shamrock Capital for the increase.Music Enterprise Worldwide
