Vine Alternative Investments Group LLC announced the final closing of its fourth fund, the Vine Media Opportunities - Fund IV LP, with $608 million in total committed capital.
The latest fund received support from public pension plans, endowments, insurance companies and family office investors. The fund exceeded its initial target of $600 million and will be used for investments in the media and entertainment sector, according to a Jan. 3 news release.
Vine said it is actively investing out of the new fund and has invested and/or committed to invest $137 million to date.
FocusPoint Private Capital Group acted as exclusive placement agent for The Vine Media Opportunities – Fund IV, while Kirkland & Ellis LLP served as fund formation counsel.
Based in New York, Vine has committed more than $1 billion of capital since its founding in 2006.