Chernin Group & Management Company Night Inc. Launch Investment Firm Night Capital


The Chernin Group and Night, Inc. are launching Night Capital, a new investment company with commitments of $100 million, to acquire established consumer-facing companies in partnership with leading talent.

Alexandra Moore, a former executive from Amazon who focused on mergers and acquisitions, will lead Night Capital as its founding managing director.

TCG has also invested directly in Night, where TCG co-founder and partner Mike Kerns will be joining the board.

Night Capital directors include Night founder and CEO Reed Duchscher, Night president Ezra Cooperstein, Moore, Kearns and TCG principal Jacob Smilovitz.

“Night has been at the forefront of the talent ecosystem and the communities built on the internet. Night Capital will be a unique new investment vehicle enabling creators to be true equity owners and participate in building long-lasting enterprise value,” said Duchscher, who is the manager of YouTube megastar Jimmy Donaldson, aka Mr. Beast.

Related Story

Streamy Awards Nominations Announced; Names Include MrBeast, Lil Nas X, Ryan Reynolds

“We are really excited to be working with Reed, Ezra and the team at Night Media. They are some of the most entrepreneurial and creative company builders in the creator economy,” said Kerns. “Our experience investing and helping build scaled consumer brands will be a great match with Night and their creators.”

Night, Inc. was created “to redefine talent management for the next generation of global superstars” and  reps some of the largest creators across verticals — including gaming, food, fashion, and crafting. Its holdings include Night Studios for original content and Night Ventures, a $20 million, seed-stage fund.

The Peter Chernin, Jesse Jacobs and Kerns-founded TCG is an investment firm dedicated to building consumer businesses with a portfolio that’s included Barstool Sports, Fullscreen, Hello Sunshine, Food52, MeatEater, Hodinkee and Epic Gardening.

Must Read Stories

UTA Promotes David Kramer To President, Jay Sures To Vice Chairman

Shareholders OK Sale To Elon Musk As He Fights To Kill Deal; Whistleblower Testifies On Hill

Analysis, Review, Best/Worst Moments, Red Carpet Gallery, Reaction & Winners

Pioneering French Director Of ‘Breathless’ Dies At 91; Tributes Pour In

Read More About:

Source: Read Full Article