Shamrock Capital Raises $1.6B for Two New Funds 

Shamrock Capital has raised $1.6 billion across two new funds: the Shamrock Capital Growth Fund VI and Shamrock Capital Clover Fund I. 

After launching the fundraise in the first quarter, Growth VI was quickly oversubscribed, surpassing its hard cap of $1.25 billion, while Clover I also surpassed its target, raising approximately $320 million within six months. 

The funds will focus on buyout and later-stage growth equity investments in middle market companies across the media, entertainment, content, communications, sports, marketing and education sectors. 

Growth VI will participate in equity investments of at least $45 million. Clover I, which is a new product for Shamrock, will participate in investments under $45 million. 

Partners Ryan Smiley and Sam Halls will lead Clover I, with Smiley having recently rejoined Shamrock after serving as general partner and managing director at RLH Equity Partners. Halls brings nearly a decade of experience with Shamrock’s private equity investment team. 

The fundraising effort demonstrated strong support from both existing and new investors, achieving over 100% net dollar retention from existing limited partners in the predecessor flagship fund. The investor base includes pension funds, endowments, foundations, family offices, insurance companies and other financial institutions. 

The Los Angeles-based investment firm, which emerged from Roy E. Disney’s family office, has approximately $6.6 billion of assets under management. In February 2023, the firm announced it raised $600 million, surpassing its $500 million hard cap, for its third fund – Shamrock Capital Content Fund III – aimed at acquiring film, television, music, video games and sports rights. 

The firm, which has been implementing its investment strategy since 2001, completed the fundraise without a placement agent, with Proskauer serving as legal advisor.