Shamrock Capital Advisors, an investor in Ad Results Media, has raised $1 billion to make additional investments in media, entertainment and communications businesses.
The LA Business Journal says it’s the largest amount of money raised by the investment firm since it was founded by the late Roy Disney in 1978.
Previous institutional fund campaigns have garnered $170 million, $300 million, $400 million and $700 million since the early 2000s, partner Steve Royer told the publication.
The latest fund, known as the Shamrock Capital Growth Fund V, was launched in 2020 and has exceeded its $1 billion hard cap. The fund is targeting companies that are seeking $25 million to $300 million of equity capital in non-control and control transactions, the Business Journal reports.
“Shamrock will continue to invest in companies that are involved in the convergence and transformation taking place within media, entertainment and communications,” Royer said. “We will continue to partner with management teams that are leading companies in some of the most dynamic parts of our economy.”
The investment firm has approximately $3.5 billion of total assets under its management, including Ad Results Media, private equity fund Canopy Spectrum, management and marketing agency Excel Sports Management, Learn on Demand Systems, telecom company Omega Wireless and digital marketing agency Wpromote.
The company also owns interests in more than 800 films, 1,000 TV episodes and 20,000 musical compositions.
Ad Results Media specializes in personality-driven endorsement audio ads. The company recently appointed five new executives to its team.