Parallel Fundraise for Shamrock Capital Growth
Fund VI & Shamrock Capital Clover Fund I to Capture Full Range
of Middle Market Deal Flow and Investment Opportunities
LOS
ANGELES, Nov. 4, 2024 /PRNewswire/ -- Shamrock
Capital ("Shamrock"), a Los
Angeles-based investment firm specializing in media,
entertainment, content, communication, sports, marketing, and
education sectors, today announced the final closing of Shamrock
Capital Growth Fund VI, L.P. ("Growth VI") and Shamrock Capital
Clover Fund I, L.P. ("Clover I"), collectively "the Funds," with
$1.6 billion of total capital
commitments. After launching the fundraise in Q1, Growth VI was
quickly oversubscribed, ultimately surpassing its hard cap of
$1.25 billion, while Clover I also
significantly surpassed its target, raising approximately
$320 million 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 utilizing 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 $45 million.
Clover I, which is a new product for Shamrock, will participate in
investments under $45 million.
"We believe our latest funds, Growth VI and Clover I, position
us to continue to generate compelling returns for our investors by
making high conviction, thematic, and differentiated investments in
dynamic, growth-oriented sectors of the economy," said Steve Royer, President, Partner of Shamrock
Capital. "We see significant opportunities to continue to partner
with talented management teams in leading companies across media,
entertainment, communications, and various sub-sectors, and will
maintain our longstanding approach as value-added, collaborative
partners."
The Funds have dedicated teams of Shamrock's senior investment
professionals and will leverage firm-wide resources and a shared
pipeline to efficiently source and execute new deals. Clover I will
be led by Partners Ryan Smiley and Sam
Halls. Mr. Smiley rejoined Shamrock late last year to
co-Head Clover I. Most recently, he served as a General Partner and
Managing Director at RLH Equity Partners after beginning his career
as an Associate at Shamrock. Mr. Halls has been a member of the
private equity investment team at Shamrock for nearly a decade and
has worked on deals starting with Shamrock Capital Growth Fund III,
L.P. through the latest fund, while also serving on the Boards of
various Shamrock portfolio companies. The Clover I team also
includes Vice Presidents Sreyas Samantula and Ari Adler.
The fundraise received significant interest from new and
existing investors, which Shamrock believes is a testament to its
differentiated investment strategy, sector expertise, proprietary
deal sourcing and 23-year track record of generating returns for
its limited partners. In aggregate, the fundraise achieved 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.
"We are extremely grateful for the support from our existing
investors, many of whom have partnered with Shamrock over multiple
funds and through the launch of Clover I. Additionally, we are
looking forward to partnering with our new investors, whose trust
and commitment have created a strong foundation upon which we can
build fruitful partnerships for the future," added Mr. Royer.
Proskauer served as legal advisor for Shamrock and no placement
agent was used for the fundraise.
*Total commitments are inclusive of the GP commitment for
each fund.
About Shamrock Capital
Shamrock Capital is a Los
Angeles-based investment firm with approximately
$6.6 billion of assets under
management. Shamrock Capital invests exclusively in media,
entertainment, communications, and related sectors through a
multi-fund strategy centered on private equity investments, as well
as ownership and financing of content and media rights. The firm
was originally founded in 1978 as the family investment company for
the late Roy E. Disney and has since
evolved into an institutionally backed firm with a diverse group of
investors, including endowments, foundations, and sovereign wealth
and pension funds. Shamrock Capital seeks to partner with strong
management teams and takes an active, collaborative approach to
creating value in each investment. For more information, visit
www.shamrockcap.com.
Contact Information
Investors:
Leah
Hiraoka, Shamrock Capital
lhiraoka@shamrockcap.com
Media:
Prosek Partners
Pro-shamrock@prosek.com
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SOURCE Shamrock Capital Advisors, LLC
