Shamrock Capital, a Los Angeles-based investment firm that focuses on media, entertainment, content, communication, sports, marketing, and education sectors, has successfully raised a total of $1.6 billion for its Shamrock Capital Growth Fund VI, L.P. and Shamrock Capital Clover Fund I, L.P. The fundraising for Growth VI exceeded expectations by reaching $1.25 billion, while Clover I raised around $320 million within six months.
These funds will target buyouts and later-stage growth equity investments in middle-market companies within Shamrock’s core sectors. The investment strategy will leverage Shamrock’s expertise, thematic approach, and value creation capabilities that have been in place since 2001. Growth VI will focus on equity investments of at least $45 million, while Clover I, a new offering from Shamrock, will target investments under $45 million.
The teams managing these funds consist of senior investment professionals from Shamrock, who will utilize the firm’s resources and network to efficiently source and execute new deals. Clover I will be led by Partners Ryan Smiley and Sam Halls, along with Vice Presidents Sreyas Samantula and Ari Adler.
The successful fundraising attracted interest from both new and existing investors, showcasing confidence in Shamrock’s investment strategy and track record. The diverse group of limited partners includes pension funds, endowments, foundations, family offices, insurance companies, and other financial institutions.
Proskauer provided legal advice for the fundraising process, and no placement agent was involved in securing commitments from investors.
In a statement, Steve Royer, President and Partner of Shamrock Capital, expressed gratitude for the support from existing investors and excitement about forming new partnerships. He highlighted the firm’s commitment to generating returns by investing in growing sectors and collaborating with talented management teams.
Overall, Shamrock Capital’s successful fundraising for Growth VI and Clover I sets the stage for continued growth and value creation in the dynamic sectors it specializes in. The firm’s reputation for delivering returns and fostering strong partnerships with investors bodes well for its future endeavors.
