Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments.
After launching the fundraise in Q1, Growth VI was quickly oversubscribed, ultimately surpassing its hard cap of $1.25bn, while Clover I also significantly surpassed its target, raising approximately $320m within six months.
The funds will focus on buyout and later-stage growth equity investments in middle market companies across Shamrock’s target sectors, seeking to capture Shamrock’s proprietary middle-market deal flow, thematic approach, and expertise, and value creation capabilities by utilising the same strategy Shamrock has implemented since 2001.
Investments made by the Funds will be delineated by size – Growth VI will participate in equity investments of at least $45m, while Clover I – a new product for Shamrock – will participate in investments under $45m.
The fundraise secured significant support from new and existing investors, achieving over 100% net dollar retention from existing limited partners in the predecessor flagship fund. The Funds’ limited partners include a diverse mix of pension funds, endowments, foundations, family offices, insurance companies, and other financial institutions.
Proskauer served as legal advisor for Shamrock and no placement agent was used for the fundraise.
