Vine Alternative Investments Group (Vine) an investment management firm focused on investing in the media and entertainment sector, targeting non-correlated investment opportunities, has completed fundraising for its fourth fund, Vine Media Opportunities – Fund IV with USD608 million of committed capital.
Fund IV exceeded its initial USD600 million target with a diversified investor group including European, Canadian and US public pension plans, endowments, insurance companies, and family office investors.
“We are pleased to announce the final closing of our fourth fund at a level that exceeded our initial target, with an experienced group of sophisticated investors who recognise the opportunity associated with investing in film and television assets,” says James Moore, Managing Partner and CEO of Vine. “We appreciate the strong support of our long time limited partners and welcome our new limited partners to Fund IV.”
Fund IV is a continuation of Vine’s strategy of investing in assets backed by major motion pictures, television, and other media and entertainment content. Since its first investment in 2007, Vine has established itself as a provider of liquidity and capital to established creators and owners of film and television assets. Vine is actively investing out of Fund IV and has invested and/or committed to invest USD137 million to date.
FocusPoint Private Capital Group acted as exclusive placement agent for Fund IV. Kirkland & Ellis LLP served as fund formation counsel.
