Shamrock just raised $196m to financial loan tunes and entertainment rights-holders money

US-based mostly investment decision business Shamrock Funds is most effective recognised in songs for acquiring blockbuster enjoyment copyrights (which include Taylor Swift’s first 6 albums, which it obtained for close to $300 million in November).

Now, it is offering new music legal rights-house owners an alternative to selling up.

Shamrock has today (July 7) verified that it’s raised a new $196 million fund with which it will provide personal loan buildings to IP house owners – i.e. advancing legal rights-holders sums that they then repay (with interest) by means of upcoming royalties.

The Shamrock Funds Personal debt Prospects Fund I (“SCDOF I”) will, says Shamrock, be used to target legal rights-holders “across film, tv, audio, games, sports [and] media” as very well as “other content sectors”.

The move sees Shamrock choose on present gamers providing artists economical improvements/loans towards but-to-be-generated royalties – including US-based mostly Seem Royalties and the UK’s a short while ago-introduced Tunes Credit rating Fund.

As a result, Shamrock has acquired the capability to offer you music legal rights-holders two ways of cashing in on their rights: a sale / aspect-sale of their catalog, or a mortgage against foreseeable future earnings.

Today’s information arrives a month after Shamrock shut a separate $1 billion progress fund, Shamrock Funds Progress Fund V, which it is employing to invest in enjoyment IP legal rights and to make equity investments.

SCDOF I is managed by the associates of Shamrock moreover other financial investment gurus in Los Angeles. Shamrock states it has been funded by a assortment of “leading pension cash, foundations, and financial institutions”.

Patrick Russo, a Partner at Shamrock, said of the new $196 million fund: “We genuinely respect the potent assistance we acquired from both of those present and new restricted associates, significantly in mild of the tough fundraising environment over the study course of the previous 12 months.

“We view this new fund as a normal extension of our written content acquisition method which enables us to offer optionality and overall flexibility to content entrepreneurs.”

Patrick Russo, Shamrock Capital

“We watch this new fund as a organic extension of our articles acquisition approach which enables us to present optionality and versatility to written content entrepreneurs.

“As we proceed to spend in high quality content material legal rights, we imagine Shamrock is nicely-positioned to be a lengthy-time period companion to artists, written content corporations, and other house owners of leisure IP.”

In addition to the closing of the new fund, Shamrock also declared that Nick Khoury and Aaron Wizenfeld would the two hold the title of Vice President as the business carries on to expand its content connected investment decision approaches.

Khoury has been promoted inside Shamrock Cash to Vice President from Senior Associate.

He has been with Shamrock due to the fact 2016 and focuses on the firm’s information-related financial commitment methods. Just before signing up for Shamrock, Khoury was an expenditure banking Affiliate at Imperial Cash.

Wizenfeld joins the Material Crew at Shamrock Cash with more than 15 yrs of media, amusement, and expenditure expertise spanning expenditure banking and company growth.

Right before joining Shamrock, Wizenfeld was Vice President of Technique and Company Growth at United Expertise Company.

Prior to UTA, Wizenfeld was an expenditure banker for 10 years at Houlihan Lokey, Mesa Securities (acquired by Houlihan Lokey), and Deutsche Bank, primarily major and executing media and entertainment transactions.

Explained Shamrock’s Patrick Russo: “We are delighted to expand our crew with Nick’s promotion and Aaron signing up for us as we carry on to broaden our material technique.

“The depth of their media, leisure and transactional expertise inside of the articles sectors are completely suited to help us address an expanding selection of options that we see across the global content landscape.”

Previous summer season, MBW claimed that Shamrock Money had elevated $400m in a new fund – and that it meant to shell out that funds on enjoyment IP, such as new music copyrights.

In November, Shamrock struck a ≈$300 million deal to buy the learn legal rights to Taylor Swift’s initially six albums.

Prior to its acquisition of Swift’s masters, a single of the largest songs-associated acquisitions for Shamrock came in 2018, when the organization obtained a tunes publishing catalog owned by Stargate – the writers behind hits for Rihanna, Beyoncé, Katy Perry and additional.Music Business Globally