Entertainment 360 Secures $100+ Million Investment from Global Firm Carlyle
In a move that marks its first-ever outside funding, talent management company Entertainment 360 has closed an equity stake deal with global investment firm Carlyle. The value of the investment was not disclosed, but sources close to the company confirmed it represents a substantial minority stake.
Despite the significant influx of capital, the company's board and leadership remains intact. According to an email sent to staff announcing the deal, the entertainment company's board expressed excitement about the partnership, which will support growth initiatives aimed at delivering dynamic results for clients and productions.
The investment is seen as a strategic move by Entertainment 360 to fuel its expansion efforts, capitalizing on Carlyle's reputation in the sports, media, and entertainment sectors. The company has already demonstrated its success since joining forces with top talent in the industry, further paving the way for this new partnership.
"This investment will support our company as we work to continue delivering dynamic results for our clients... We've found a partner who shares our values and recognizes that the future of entertainment will be shaped by entrepreneurial talent," Entertainment 360's board stated.
Ben Fund, Managing Director – Partner on Carlyle's Credit Opportunities team, expressed enthusiasm about partnering with Entertainment 360. "We believe there are significant opportunities for the [Entertainment 360] team to expand their position as a leading talent management organization."
This deal marks another notable milestone in Entertainment 360's 22-year history, solidifying its place among top talent management companies globally.
Carlyle has made substantial investments in the sports, media, and entertainment sectors since 2017, including over $14 billion. The firm manages $194 billion in assets under management as of September 2024 and regularly pursues investment opportunities in privately negotiated debt and capital solutions.
The Raine Group and Venable LLP advised Entertainment 360 on the transaction. As news breaks about this significant deal, industry players are taking note of Entertainment 360's strategic expansion plan under its new partnership with Carlyle.