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Alternative Assets  + Private Equity  | 
Entertainment, Media-Focused Shamrock Capital Raises $600M for Third Fund

Entertainment, Media-Focused Shamrock Capital Raises $600M for Third Fund

Los Angeles-based private equity firm Shamrock Capital Advisors 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 long ago severed ties with the Disney family, said its latest fund is more than double the size of its first such vehicle, which closed on about $250 million in 2016.

Shamrock’s Content Strategy, which was launched with the $196 million Shamrock Capital Debt Opportunities Fund in 2020 to originate loan structures to content and media rights owners, has reached $2 billion in assets under management.

Shamrock, which now manages about $4.4 billion in assets, was in the spotlight in 2020 when it bought Taylor Swift’s Big Machine catalog from Scooter Braun’s Ithaca Holdings.

Kirkland & Ellis LLP served as legal advisor for Shamrock and no placement agent was used for the fundraise.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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