Manhattan West Private Equity has successfully closed its inaugural fund which will target investments in the “most attractive underserved sectors” in media, entertainment and sports.
The Los Angeles-based fund will aim to provide investors with a 15% annual cash yield across the portfolio.
Investments to date include a majority stake in a new Formula 1 Exhibition, and the management buyout of live entertainment company Round Room Live, as well as a strategic growth investment in Vino Vault, a wine storage and wine services provider.
Led by Managing Director of Private Equity Matt Gibbons, Manhattan West says the fund seeks opportunities and invests in companies that are run by strong management teams and well positioned to benefit from strategic enhancements, operational improvements, and attractive industry tailwinds.
