Shamrock Capital Closes on $250M Entertainment Industry IP Fund

May 26 2016 | 10:48pm ET

Alternative investment company Shamrock Capital Advisors has raised $250 million for a new fund that will focus on intellectual property rights in the entertainment industry.

The new fund, named Entertainment IP Fund, L.P., will focus on acquiring or financing entertainment intellectual property rights across a diverse group of assets that have been through their initial window of release, including film, television, music, video games and other forms of entertainment content, according to the company. 

It is the first fund of its type for the private equity firm and will be led by former Salter Group co-founder Patrick Russo, who joined Shamrock as a partner in late 2014. In support of the new fund, Shamrock also hired Jason Sklar, former executive director with JP Morgan’s Entertainment Industries Group, former MGM exec Andrew Landenberger and former Legendary Entertainment executive Zoltan Kraus.

LPs in the new fund include a diverse mix of existing and new investors to Shamrock from leading pension funds, endowments and foundations, family offices and financial institutions, Shamrock said in a statement. 

“The launch of EIP reflects our deep roots and connections across the global entertainment industry,” stated Steve Royer, partner at 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.”

Tracing its roots back to 1978, when its predecessor firm was founded as the investment company for the late Roy E. Disney, Los Angeles-based Shamrock manages approximately $1.8 billion investing exclusively in the media, entertainment, and communications sectors. 

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