Domain Capital Group and its subsidiary Domain Capital Advisors have closed more than $700 million in equity commitments for an entertainment fund and co-investment vehicle focused on film, television and music, with an allocation for other related investment opportunities.
To date, the fund has deployed more than $170 million across the three media.
The fund follows the company’s successful deployment of an $830 million separate account launched in 2012, which focused primarily on film and television assets. DCA manages entertainment investments for corporate and public state pensions, insurance companies, university endowments, and multi-family offices, among others.
DCA’s media and entertainment group specialises in a wide range of assets including digital media, feature films, television, literary works, music publishing and recording rights, and theatrical productions. The fund also participates in long-term partnerships in a variety of structures in order to support the creation of new content.
DCA’s investment strategy in media and entertainment portfolios focuses on acquisitions predominantly intended to deliver cash-on-cash returns with a low correlation to the broader market.
Keel Harbour Capital acted as the fund’s placement agent and Sheppard Mullin served as legal advisor for DCA.
