Prime Highlights:
- Great Mountain Partners (GMP) has launched a $600 million fund, Saranac Holdings LP, to invest in music, film, TV, sports, gaming, and live events.
- The fund aims to capitalize on the growing overlap between media, technology, and consumer experiences.
Key Facts:
- GMP, based in New Haven, manages $10 billion in assets across media, clean energy, infrastructure, and financial services.
- Some of GMP’s major investments include music platform Aimi, German film and TV distributor Square One Entertainment, and the Morrison Hotel Gallery photo archive.
Background:
Great Mountain Partners (GMP) has started a $600 million fund, Saranac Holdings LP, to invest in music, movies, TV, sports, gaming, and live events.
The fund, supported by one investor, plans to take advantage of the increasing overlap between media, technology, and consumer experiences. Saranac will initially participate in GMP’s existing portfolio, including its stake in indie music company Concord.
Jon Rotolo, co-founder of GMP, said that the media industry is constantly changing, offering strong opportunities in companies that combine quality content, engaged audiences, and new ways to make money. He added that the fund shows their confidence in the sector’s long-term potential and their ability to grow value through careful investing and hands-on management.
The fund will target controlling stakes in lower middle-market companies, as well as influential minority investments. GMP will invest in companies that can grow fast, own valuable content, and have room to improve.
GMP, located in New Haven, oversees $10 billion in assets across media, clean energy, infrastructure, and financial services. Some of its key investments are the music platform Aimi, German film and TV distributor Square One Entertainment, and the Morrison Hotel Gallery photo archive.
As the value of music and media assets rises, more companies are launching investment funds in this area. For example, Bain Capital and Warner Music Group launched a $1.2 billion fund for music rights, while Yamaha started a $50 million fund for music startups.
