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Vine Alternative Investments Group, LLC Completes Fourth Fund Fundraising At $608 Million

by admin

January 2, 2019

in Entertainment, Venture Capital/Private Equity (VC/PE)

Vine Alternative Investments Group LLC Completes Fourth Fund 608 Million News

Vine Alternative Investments Group, LLC is an investment management firm that invests across the media and entertainment sector. The New York-based firm was founded in 2006 and has since invested more than $700 million in “assets backed by major motion pictures, television and other media and entertainment content,” according to the firm’s website.

The investment group just announced that it has completed fundraising for its fourth fund ahead of estimates. The Vine Media Opportunities – Fund IV closed with $608 million, above the $600 million target. Among the Fund IV’s diversified investor group include pension plans, endowments, insurance companies and family offices from Europe, Canada, and the United States.

Vine Alternative Investments Group, LLC Press Release:

New York – December 10, 2018 – Vine Alternative Investments Group, LLC (“Vine”), an investment management firm focused on investing in the media and entertainment sector, targeting non-correlated investment opportunities, today announced it has successfully completed fundraising for its fourth fund, Vine Media Opportunities – Fund IV (together with its parallel funds, “Fund IV”), with $608 million of committed capital.

Fund IV exceeded its initial $600 million target with a diversified investor group including European, Canadian and U.S. public pension plans, endowments, insurance companies, and family office investors.

“We are pleased to announce the final closing of our fourth fund at a level that exceeded our initial target, with an experienced group of sophisticated investors who recognize the opportunity associated with investing in film and television assets,” said James Moore, Managing Partner and CEO of Vine. Mr. Moore added, “We appreciate the strong support of our long time limited partners and welcome our new limited partners to Fund IV.”

Fund IV is a continuation of Vine’s strategy of investing in assets backed by major motion pictures, television, and other media and entertainment content. Since its first investment in 2007, Vine has established itself as a provider of liquidity and capital to established creators and owners of film and television assets. Vine is actively investing out of Fund IV and has invested and/or committed to invest $137 million to date.

FocusPoint Private Capital Group acted as exclusive placement agent for Fund IV. Kirkland & Ellis LLP served as fund formation counsel.