Less than a year after it sold Taylor Swiftthe master rights to her first six studio albums, Shamrock Capital has closed a new content acquisition fund with total capital commitments of USD $813 million.
The fund – Shamrock Capital Content Fund IV – will target entertainment rights including music, film, television, sports, video games, and creator economy opportunities.
Content IV was oversubscribed by first close and completed its fundraise in just over three months, according to Shamrock, exceeding its $700 million target.
The fund is the fourth within Shamrock‘s Content Strategy, which the firm says has grown to more than $3.3 billion in AUM across equity and debt products over the past decade.
Shamrock‘s previous three Content Strategy funds have been used to acquire music assets including the Stargate publishing catalog and a portfolio of more than 150 songs by Calvin Harris, alongside film and television rights.
The firm is perhaps best known in the music industry for buying Swift‘s masters from Ithaca Holdings in November 2020, in a deal that sources told MBW cost around $405 million, before selling the artist the rights for an undisclosed fee 12 months ago.
Content IV will be managed by Shamrock‘s dedicated Content Strategy team, which has built and scaled the strategy since its inception.
That team also draws on Shamrock‘s nearly 50-year history investing across global media and entertainment – a history that dates back to the firm’s founding in 1978 as the family investment company for the late Roy E. Disney.
“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 Executive Committee member at Shamrock.
“Our team brings proven experience across film, television, music, gaming, sports and beyond, which allows us to underwrite complexity and structure investments with a high degree of conviction.
“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.”
Patrick Russo, Shamrock
“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.
“We are grateful to our existing and new investors for their support and energized by the compelling opportunities ahead of us across the global content ecosystem.”
Jason Sklar, Partner and Executive Committee member at Shamrock, added: “The content landscape has never been more complex or more compelling.
“We are witnessing a fundamental restructuring of how IP is created, owned, and monetized – and we believe we are uniquely positioned to see how all of these content worlds connect and converge.
“We are long-term investors, and the trust we have earned alongside artists, creators, and rights holders is the foundation of everything we do.”
“This fundraise is built on a simple but powerful conviction: the most valuable content assets are the ones that fans return to across generations, regardless of where or how they consume them.
“We are long-term investors, and the trust we have earned alongside artists, creators, and rights-holders is the foundation of everything we do.”
Shamrock‘s Content Strategy has expanded rapidly since its launch.
In July 2024, Shamrockacquired the Vine Alternative Investments portfolio – including the Calvin Harris catalog – in what the Wall Street Journal reported was the firm’s largest-ever individual transaction via its Content Strategy.
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In November 2024, Shamrockraised $1.6 billion across two private equity funds – Growth Fund VI and Clover Fund I – focused on buyout and growth equity investments across media, entertainment, and related sectors.
Across its entire platform, Shamrock Capital says it currently has approximately $7.4 billion of assets under management.
The Content IV fund attracted commitments from a globally diversified investor base that includes pension funds, endowments, foundations, family offices, insurance companies, and other institutional investors across the United States, Europe, and Asia-Pacific.
The new fund’s $813 million total is inclusive of the general partner commitment. Kirkland & Ellis LLP served as legal counsel to Shamrock Capital for the raise.Music Business Worldwide
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‘ Some details of this article were extracted from the following source www.musicbusinessworldwide.com ’
