Shamrock Capital Advisors Close $250 Million Fund To Invest In Music Publishing, Record Masters, Other Intellectual Property

Content is still king. Or at least it is to Shamrock Capital Advisors and the investors who joined their new $250 million fund to invest in music publishing rights, recorded music masters and other intellectual property.

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Shamrock Capital Advisors today announced the final closing of Entertainment IP Fund (EIP), a $250 million fund focused on acquiring or financing entertainment intellectual property rights including music publishing, recorded music masters, tv, film video games and other entertainment content.

This marks the first fund of its type for Shamrock. EIP’s limited partners include a mix of existing and new investors to Shamrock from funds, endowments and foundations, family offices and financial institutions.

EIP is managed by Shamrock from an office in Los Angeles, California with approximately $1.8 billion of assets under management.

The new fund will be led by Patrick Russo (formerly a co-founder of Salter Group), who joined Shamrock as a Partner in late 2014 to pursue this new strategy for the firm. Shamrock also hired Jason Sklar (former Executive Director with JP Morgan’s Entertainment Industries Group) as a Managing Director, Andrew Landenberger (formerly with MGM) as a Vice President and Zoltan Kraus (formerly with Legendary Entertainment) as a Senior Associate.