Los Angeles-based real estate investment company Hackman Capital Partners (HCP), has closed the HCP Studio Fund, raising $1.4 billion in commitments and also closed on the Fund’s co-investment commitments to the tune of $200 million. The $1.6 billion will be used to acquire studio and media assets with attractive in-place income and growth potential in top markets across the world.
“We are pleased to have completed this institutional capital raise for the studio and media strategy and are grateful for the strong support from our new investment partners,” said HCP CEO Michael Hackman. “We have built a unique platform that has has established Hackman as the premier owner and operator of independent film and television studios.”
HCP owns The Culver Studios, Silvercup Studios, Television City Studios and many other media properties. The new HCP Studio Fund has already committed to seven investments totaling $488 million, including Eastbrook & The Wharf Studios in London and the Radford Studio Center in LA.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!