Media
Date
07.07.2021
Shamrock Capital Closes Inaugural Debt Opportunities Fund Targeting the Content Industries
Date
07.07.2021
Fund I saw strong demand, nearing its hard cap of approximately $200 million
Shamrock Capital also announces one hire and one promotion for the content investment team
LOS ANGELES, CA, July 7, 2021 – Shamrock Capital (“Shamrock”) today announced the final closing of Shamrock Capital Debt Opportunities Fund I, L.P. (“SCDOF I”), a $196 million fund focused on originating loan structures to owners of entertainment intellectual property rights.
Shamrock’s debt fund targets owners of entertainment IP across the film, television, music, games, sports media rights and other content sectors. SCDOF I is managed by the Partners of Shamrock and other investment professionals in Los Angeles, California. Shamrock has approximately $3.8 billion of total assets under management.
“We truly appreciate the strong support we received from both existing and new limited partners, particularly in light of the challenging fundraising environment over the course of the past year,” said Patrick Russo, a Partner at Shamrock. “We view this new fund as a natural extension of our content acquisition strategy which enables us to provide optionality and flexibility to content owners. As we continue to invest in premium content rights, we believe Shamrock is well-positioned to be a long-term partner to artists, content companies, and other owners of entertainment IP.”
SCDOF I’s limited partners include a diverse mix of leading pension funds, foundations, and financial institutions. Shamrock did not use a placement agent for SCDOF I.
In addition to the closing, Shamrock also announced that Nick Khoury and Aaron Wizenfeld would both hold the title of Vice President as the firm continues to expand its content-related investment strategies.
Mr. Khoury has been promoted within Shamrock Capital to Vice President from Senior Associate. Nick has been with Shamrock since 2016 and focuses on the firm’s content-related investment strategies. Before joining Shamrock, Nick was an investment banking Associate at Imperial Capital.
Mr. Wizenfeld joins the Content Team at Shamrock Capital with over 15 years of media, entertainment, and investment experience spanning investment banking and corporate development. Before joining Shamrock, Aaron was Vice President of Strategy and Corporate Development at United Talent Agency. Prior to UTA, Aaron was an investment banker for ten years at Houlihan Lokey, Mesa Securities (acquired by Houlihan Lokey), and Deutsche Bank, primarily leading and executing media and entertainment transactions.
“We are pleased to grow our team with Nick’s promotion and Aaron joining us as we continue to expand our content strategy. The depth of their media, entertainment and transactional experience within the content sectors are perfectly suited to help us address an increasing number of opportunities that we see across the global content landscape,” stated Patrick Russo.