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Shamrock closes fund at $311.5m

After making two initial investments from the fund, the Roy Disney-led Burbank, California firm has closed it oversubscribed.

Shamrock Capital Advisors has held a final close on Shamrock Capital Growth Fund II at $311.5 million (€246 million).

The firm said the fund will focus on investments in media, entertainment, communications and related businesses in North America. The fund will be managed by the firm’s three senior managing directors – Stephen Royer, Robert Perile and William Wynperle. The managing directors will be assisted by a team of five investment professionals.

The fund has already made two investments. The first was a leveraged buyout of Harlem Globetrotters International, owner of the showman basketball team, and an equity growth investment in NextWave Media Group, an online lead-generation network.

Shamrock Advisors is the investment vehicle of Shamrock Holdings, the investment entity of the Roy Disney family.

With the closing of the fund, Shamrock has more than $450 million dedicated to media, entertainment and communications and nearly $2 billion under management in total.

Investments in Shamrock’s previous fund include LifeStage Media Group, Modern Luxury, NETGEAR, PortalPlayer, PRN, TeleGuam Holdings and Triad Broadcasting. The firm also has a $104 million real estate fund, Genesis LA Real Estate Fund II.