New firm Oris Capital Partners, which plans to provide growth equity to companies transitioning from analog to digital media, has set out to raise a first fund of $250 million. The firm is based in New York, but has one partner in Los Angeles and a deal-flow sharing arrangement with Sedona Capital in Japan.
A first close on the fund was expected in September or October. The firm declined to comment, citing SEC marketing restrictions.
Oris plans to invest at all stages of the digital media food chain, including content creation, distribution and consumption. Its website describes the opportunity as follows: “This ongoing shift from analog to digital, narrowband to broadband, fixed connections to mobile connectivity and the development of multiple interactive platforms has created technology disruption and new growth markets on a global scale.”
Each of Oris’ four managing directors has relevant domain expertise, either as financiers or as operators:
- Michael Carus is a former general partner with Jerusalem Venture Partners (JVP), and also is a former CFO of wireless mobile data company Geotek.
- Joel Katz is head of Greenberg Traurig LLP’s global entertainment practice, chairman of the American Bar Association’s Entertainment and Sports Law Forum and general counsel to the National Academy of Recording Arts & Sciences.
- Clarke Keough is a former managing director with Allen & Co., where he worked on transactions with such clients as Imagine Films, Tri-Star Pictures, IAC Inter-Active Corp. and The Washington Post Co.
- And Hassan Miah previously led global media and entertainment investments for Intel Capital after serving as head of new media for Hollywood talent agency CAA. —Dan Primack