Great Mountain Partners Launches $600 Million Media and Entertainment Fund, Targets Deals ‘At the Intersection of Premium Content, Audiences, and New Monetization Models’

Targeting plays in music, live entertainment, and more, Concord stakeholder Great Mountain Partners (GMP) has launched a $600 million investment fund called Saranac Holdings LP.

GMP today disclosed the launch of Saranac Holdings, not to be confused with the existing Boise-based investor of the same name or London-headquartered Saranac Partners. According to the appropriate release, the newly minted Saranac won’t solely zero in on music and live-sector deals.

Instead, the entity is poised to explore opportunities “across the media and entertainment ecosystem” – including music and live as well as film, TV, sports, and gaming, per GMP.

Even so, music certainly stands out on this list; GMP also confirmed that “Saranac will participate in several current portfolio companies,” among them Concord.

Elsewhere in its announcement, New Haven-headquartered Great Mountain didn’t identify Saranac’s initial transaction or provide an abundance of strategic information. But it did point to a top-level objective of capitalizing “on long-term secular tailwinds shaping content creation, distribution, and monetization.”

“The fund will seek lower middle market control and/or influential minority investments in businesses, with a focus on scalable platforms, differentiated IP and rights strategies, and opportunities to drive growth through operational value creation,” GMP elaborated of Saranac.

Meanwhile, Great Mountain co-founder (and longtime Concord director) Jon Rotolo emphasized the media space’s perceived opportunities “at the intersection of premium content, audiences, and new monetization models.”

“We are excited to launch Saranac alongside other GMP managed media funds,” Rotolo added. “The media sector continues to evolve, creating compelling opportunities in businesses that sit at the intersection of premium content, audiences, and new monetization models.

“This fund reflects our shared conviction in the durability of this sector and our ability to build value through thoughtful investing and active ownership,” he concluded.

Time will, of course, tell what that active ownership approach entails. Closer to the present – and though the $600 million tranche in question could land outside the industry – it seems safe to say that capital is still flying around heading into 2026.

DMN Pro’s Music Industry Funding Tracker has compiled each of 2025’s publicly revealed rounds, some of which, owing to the sheer volume of disclosures at hand, have largely receded into the background.

Keeping the focus on recent months here, however, industry and industry-adjacent companies have pulled down billions since November’s beginning alone. That includes but isn’t limited to GoDigital’s $230 million funding wave, a $500 million fund from Circuit Group and Create Music, and, unveiled yesterday, the reportedly $500 million MarcyPen Asia “growth investment platform.”

Co-founded by Jay-Z, MarcyPen will look “to bridge Eastern and Western markets” via the new unit by tapping into the “global influence of K-culture and Pan-Asian lifestyle brands,” per the corresponding announcement. Also backing the venture is Hanwha Asset Management.