(ATLANTA — November 1, 2022) — Domain Capital Group, LLC, a comprehensive private investment management firm, and its subsidiary, Domain Capital Advisors, LLC (DCA), today announced the closing of more than $700 million of equity commitments for an entertainment fund and co-investment vehicle focused on film, television and music, with an allocation for other related investment opportunities. Thus far, the fund has deployed more than $170 million across the three media.
“We are excited to launch our first diversified private entertainment royalty fund,” said Anthony Tittanegro, executive managing director of Domain Capital Group. “At a time of sustained entertainment industry growth supported by an ever-evolving landscape of distribution channels, we are focused on building a diversified asset-base to generate cash yield and help maintain our investors’ capital.”
The fund follows the company’s successful deployment of an $830 million separate account launched in 2012, which focused primarily on film and television assets. DCA manages entertainment investments for corporate and public state pensions, insurance companies, university endowments, and multi-family offices, among others.
DCA’s media and entertainment group specializes in a wide range of assets including digital media, feature films, television, literary works, music publishing and recording rights, and theatrical productions. The fund also participates in long-term partnerships in a variety of structures in order to support the creation of new content.
Pete Chiappetta, managing director of DCA’s media, entertainment, and technology business, added, “We believe in the long-term value of these assets and are purposeful about each investment and its connection to the creator as well as our broader portfolio. We consider this a structurally creative and flexible approach to achieve our investment goals while also meeting the needs of our transaction partners.”
DCA’s investment strategy in media and entertainment portfolios focuses on acquisitions predominantly intended to deliver cash-on-cash returns with a low correlation to the broader market.
Keel Harbour Capital acted as the fund’s placement agent and Sheppard Mullin served as legal advisor for DCA.
About Domain Capital Group
Atlanta-based Domain Capital Group, LLC provides comprehensive private investment management services, through its registered investment advisor subsidiaries, to institutions, public and private pensions, corporations, foundations, endowments and high-net-worth individuals. Domain Capital Group’s investment professionals are experienced across a diverse range of asset classes and investment strategies, including real estate, natural resources, media, entertainment, technology, and credit and other financial services.
As of June 30, 2022, Domain managed approximately $8.4 billion in total assets through its two registered subsidiaries, Domain Capital Advisors, LLC and Domain Timber Advisors, LLC. The assets are comprised of approximately $7.2 billion in real estate, debt, alternative, and other assets constituting Regulatory Assets Under Management (“RAUM”) and approximately $1.2 billion in non-RAUM which includes real properties and additional loans serviced. Please refer to each firm’s Form ADV for additional details. For further information on Domain, visit: www.domaincapitalgroup.com.