Domain Capital Group Closes $768 Million In Commitments For Domain Entertainment Fund II
Domain Capital Group LLC, a private investment management firm, and its subsidiary Domain Capital Advisors LLC, has closed $768 million in equity commitments for its second entertainment fund and its affiliates.
Fund II includes investments with notable partners, such as Paramount Pictures and Sony Music Publishing, and features titles and artists like “Sonic 3,” “Friends,” “The Matrix Trilogy,” Miranda Lambert and Thomas Rhett.
“We are pleased to announce the successful close of our second entertainment fund,” says Pete Chiappetta, Managing Director of Domain. “The entertainment industry continues to experience dynamic growth driven by an evolving distribution landscape and global demand for content. With this fund, we aim to build a diversified portfolio of high-quality assets that generate cash yield and preserve our investors’ capital under different market conditions.”
The new fund builds on the success of Domain’s first entertainment fund, which closed with more than $700 million in commitments, and a separate $830 million account launched in 2012 that focused on film and television assets. Domain manages entertainment investments for a range of institutional investors, including corporate and public pensions, insurance companies, university endowments, multifamily offices and wealth management firms. To date, Domain has managed total capital commitments of $2.3 billion in entertainment assets.
“We believe in the long-term value of these assets, the growth of the industry aided by this age of digital content and the ease of access created by streaming platforms and faster mobile devices,” Chiappetta adds.
