Shamrock Capital Advisors, LLC (“Shamrock,” “we,” “our,” or the “Firm”), is a
Delaware limited liability company founded in 2010. Shamrock is controlled by Mr.
Stephen Royer, Mr. Andrew Howard, Mr. Michael LaSalle and Mr. Patrick Russo
(collectively, the “Principals”) and is wholly owned by Shamrock Management HoldCo,
LP. Shamrock provides discretionary investment advisory services and management
services to privately pooled investment vehicles and co-investment vehicles (individually a
“Fund” or collectively the “Funds”).
Growth Fund Strategy
Shamrock provides discretionary investment advisory services and management services
to the following funds in its Growth Fund Strategy:
Shamrock Capital Growth Fund III, L.P.
Shamrock Capital Growth Fund IV, L.P.
Shamrock Capital Growth Fund IV (Parallel), L.P.
Shamrock Capital Growth Fund V, L.P.
Shamrock Capital Growth Fund V (Parallel), L.P.
(collectively, the “Growth Funds”). In managing the Growth Funds, Shamrock focuses
exclusively on investment opportunities in the middle market within media,
entertainment, communications and related sectors (“MEC”).
Content Fund Strategy
Shamrock also provides discretionary investment advisory services and management
services to Shamrock Capital Content Fund I, L.P. (formerly known as Entertainment IP
Fund, L.P.), Shamrock Capital Content Fund II, L.P. and Shamrock Capital Content Fund
III, L.P. (the “Content Funds”), each a privately pooled investment vehicle that focuses
on investments in content and media rights (“Content”) across the global entertainment
industry.
Additionally, Shamrock provides discretionary investment advisory services and
management services to Shamrock Capital Debt Opportunities Fund I, L.P. and Shamrock
Capital Debt Opportunities Fund I (Feeder), L.P. (the “Debt Funds”), which focus on
originating senior secured loans to owners of Content in the global entertainment
industry.
Co-Investment Vehicles
Shamrock has created co-investment vehicles to invest alongside a Fund primarily when
the equity requirements of an investment exceed those allowed by the Fund’s mandate.
Co-investment opportunities may be offered to Investors (as defined below) or to outside
third parties, subject to any requirements in each Fund’s Governing Documents (defined
below). Shamrock currently provides discretionary investment advisory services and
management services, and has custody of the assets of the following co-investment
vehicles (the “Co-Investment Vehicles”):
BC Holdco, LLC
Shamrock CCF II Co-Invest I, LP
Shamrock CCF II Co-Invest I-A, LP
Shamrock FanDuel CoInvest, LLC
Shamrock FanDuel CoInvest II, LP
Shamrock Mobilitie Co-Invest, LLC (dissolved during 2023)
Shamrock Talent & Brands Holdco, LLC
Advisory Affiliates
Certain affiliates of Shamrock serve as general partners (“GP”) or managing members of
the Funds (“Advisory Affiliates”) and operate a single advisory business with Shamrock.
Each of the Advisory Affiliates is a related person of Shamrock, including their respective
partners, managers, members, shareholders, officers, employees and affiliates in their
respective capacities as such. Each of the Advisory Affiliates is controlled by Shamrock.
Each Advisory Affiliate that serves as a GP or managing member is subject to the
requirements applicable to registered investment advisers under the Investment Advisers
Act of 1940 (“Advisers Act”), as a result
of Shamrock’s registration as an investment
adviser with the Securities and Exchange Commission (“SEC”) and in accordance with
SEC guidance, and is subject to all of Shamrock’s compliance policies and procedures. As
such, references to Shamrock in this Brochure should also be considered references to
the Advisory Affiliates in the appropriate context.
Passive Partners
On September 30, 2022, affiliates of RidgeLake Partners and Bonaccord Capital Partners
(collectively, the “Passive Partners”) acquired an indirect strategic minority investment in
Shamrock, and several of its Advisory Affiliates, pursuant to which, the Passive Partners
acquired passive, non-voting minority stakes and agreed to provide capital to support
Shamrock’s ongoing growth and institutionalization, as Shamrock seeks to scale its team
and strategy to capitalize on current and emerging opportunities across the media,
entertainment, communications, and related sectors. The Passive Partners do not have
any authority over the day-to-day operations or investment decisions of Shamrock or the
Advisory Affiliates, although they have certain minority protection and consent rights
associated with protecting their economic interests in their investment in Shamrock and
its Advisory Affiliates.
Fund Governing Documents
Each Fund relies on its GP, a Shamrock affiliate, to assist in the day-to-day management of
its activities in accordance with the investment objectives, strategies, restrictions and
guidelines found in each Fund’s governing documents (“Governing Documents”).
Certain of these management activities are delegated by each Fund to Shamrock pursuant
to an advisory agreement between such Fund and Shamrock. Information about each Fund
can be found in its offering documents. The Firm does not tailor its investment services
to any individual Fund investor (“Investor”).
The Investors in each Fund are able to negotiate the terms of the applicable Fund
agreement in connection with their investments in such Fund. In certain cases, Shamrock
and/or its Advisory Affiliate may, and have, entered into side letter agreements with
certain Investors (“Side Letters”) establishing rights under, or supplementing or altering
the terms of, the applicable Governing Documents with respect to the Investor party to
the Side Letter. Side Letters cover many different topics, including without limitation:
“most favored nation” rights; modified notice or reporting requirements; compliance with
certain ERISA and other regulatory requirements; minimum insurance coverage;
confidentiality; co-investment opportunities; transfers; the right to receive certain special
allocations; and certain other matters relating to an investment in the Fund(s). Shamrock
tracks all Side Letters that have been entered into with respect to each Fund to ensure
that no Investor is disadvantaged by the triggering of one or more provisions of a Side
Letter.
Please note that, notwithstanding the limitation on liability clauses in the Governing
Documents or the Firm’s advisory agreements with the Funds, nothing in such agreements
will cause the Funds or the Investors to waive any of their legal rights under applicable
U.S. federal securities laws or any other laws whose applicability is not permitted to be
contractually waived.
As of December 31, 2023, the Firm managed $4,335,645,431 in regulatory assets under
management in the Funds, all of which are managed on a discretionary basis.