Fund IV Surpasses Initial Target with $608 Million of Capital Commitments
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.
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About Vine Alternative Investments
Vine was founded in late 2006 as a specialized asset manager that focuses on unique, non-correlated investment opportunities in the media and entertainment sector. The Firm is headquartered in New York with a presence in Los Angeles. Since its founding, the Firm has committed more than $1 billion of capital to investments in the media and entertainment sector. Vine was established on the principle that successful investing in the sector is driven by focus, attention to detail, and a highly disciplined approach.
For additional information, please visit www.vinealternativeinvestments.com.
About FocusPoint Private Capital Group
FocusPoint Private Capital Group is an independent capital raising firm specializing in private capital markets. The firm focuses on raising capital for private equity, credit, real estate, real assets and opportunistic strategies for funds and direct transactions. FocusPoint advises on all aspects of the fundraising process, including competitive positioning and market assessment, marketing materials and related documentation, partnership terms and conditions as well as investor relations. FocusPoint’s distribution capability extends to endowments, foundations, corporate and public pension funds, ultra-high net worth families, sovereign wealth funds and other limited partners throughout the U.S., Europe, Middle East and Asia. FocusPoint operates as a FINRA regulated broker-dealer in the U.S., is a member of SIPC and is wholly owned by LANDC Investment LLC.
For additional information, please visit www.fpcgllc.com.
About Kirkland & Ellis LLP
Kirkland & Ellis is a global law firm with 2,500 attorneys representing clients in private equity, M&A and other complex corporate transactions, litigation and dispute resolution/arbitration, restructuring, and intellectual property matters. Kirkland is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the alternative investment fund space. Since 2016, Kirkland has advised over 400 funds representing in excess of $650 billion of capital commitments. The Firm has 14 offices around the world: Beijing, Boston, Chicago, Dallas, Hong Kong, Houston, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.
For additional information, please visit www.kirkland.com.