Shamrock closes second content-focused fund with $400m

Shamrock Capital Content Fund II (SCCF II) closed with $400 million in committed capital to acquire a wide variety of existing entertainment intellectual property rights, including filmed entertainment for large screens and television, video games and music publishing rights and recorded music masters. Los Angeles-based Shamrock Capital said SCCF II will build on the investment strategy of its inaugural content fund, SCCF I, which raised $250 million in 2016 and currently holds an interest in more than 800 films, 1,000 television episodes and 5,000 music compositions. Shamrock did not use a placement agent for SCCF II, which drew a mix of new and existing investors including major pension funds, family offices, sovereign wealth and endowments and foundations. “The market’s response to Fund II speaks to the strength of our strategy, particularly at a time when investors are seeking alternative investments with uncorrelated returns," said Patrick Russo, partner at Shamrock Capital. In connection with the closing of SCCF II, Shamrock announced the promotions of Jason Sklar to partner and Andrew Landenberger to principal. Sklar, who joined Shamrock in 2015 from J.P. Morgan’s Entertainment Industries Group, focuses on Shamrock’s content acquisition strategy -- as does Landenberger, who joined the firm in 2016 after serving as vice president of corporate finance at MGM Studios. “The promotions of both Jason and Andrew alongside the close of Fund II are extremely well deserved as they have each played critical roles in our growth and success,” said Russo. Shamrock's content-focused investment vehicles targets opportunities that fulfill three key characteristics: long-term revenue streams that generated across multiple global distribution platforms; predictable post-release performance metrics; and low correlation and resilience to general economic trends.

Shamrock closes second content-focused fund with $400m

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