NEW HAVEN, Conn.–(BUSINESS WIRE)–Great Mountain Partners (“GMP”) today announced the closing of Saranac Holdings LP (“Saranac”), a $600M single-investor fund formed to pursue investments across the media and entertainment ecosystem, including music, film and television, sports, gaming, and live entertainment.
Backed by a single institutional investor, Saranac has been established to capitalize on long-term secular tailwinds shaping content creation, distribution, and monetization, as well as the accelerating convergence of media, technology, and consumer experiences. The fund will seek lower middle market control and/or influential minority investments in businesses, with a focus on scalable platforms, differentiated IP and rights strategies, and opportunities to drive growth through operational value creation.
“We are excited to launch Saranac alongside other GMP managed media funds,” said Jon Rotolo, co-founder of Great Mountain Partners. “The media sector continues to evolve, creating compelling opportunities in businesses that sit at the intersection of premium content, audiences, and new monetization models. This fund reflects our shared conviction in the durability of this sector and our ability to build value through thoughtful investing and active ownership.”
Saranac will participate in several current portfolio companies, including one of the world’s leading independent music companies, Concord. The fund will benefit from GMP’s platform of resources, including a 20-year track record of investing in media and entertainment, as well as a network of executives, creators, and advisors across media, sports, and technology.
About GMP
GMP is a New Haven, CT based asset manager with more than $10BN AUM, founded by Alex Thomson and Jon Rotolo. GMP’s team are longtime investors in the media and entertainment industry with experience across music, film and TV, live events and other IP based assets. GMP brings a long-term and solutions-oriented mindset to partnering with institutional investors and portfolio company leadership. For more information, visit www.gmp.llc.
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