Shamrock Capital Advisors has announced the final closing of Shamrock Capital Growth Fund III, a USD400 million fund focused on providing buyout and growth capital investments in companies in the media, entertainment and communications industries.
Shamrock targets companies benefitting from growth trends in the media, entertainment and communication sectors. The fund will invest in companies seeking USD15 million to USD75 million of capital in both control and non-control transactions.
Shamrock has closed three funds focused on media, entertainment and communication investing since 2001. Shamrock’s limited partners comprise a mix of existing and new investors from leading pension funds, endowments and foundations, family offices, and financial institutions. Shamrock launched its limited marketing process in late 2010 and Fund III had significant demand exceeding its USD400 million cap.
“The support we received from our existing limited partner base and new partners was exceptional,” says Steve Royer, Partner of Shamrock. “We are very grateful to those partners, and we are excited about our team’s ability to achieve above market returns for our investors. The lower middle market for media, entertainment and communication continues to have significant opportunity for growth.”
In conjunction with this closing Michael LaSalle and Andy Howard join Royer, Robert Perille, and Will Wynperle as Partners of Shamrock. The fund is managed by the Partners and other investment professionals from an office in Los Angeles, CA.
Shamrock did not use a placement agent for Fund III and Kathryn Sanders of O’Melveny & Meyers LLP served as legal counsel in the formation of the fund.
