Emerald Media will focus on providing growth capital to media, entertainment and digital media companies
Global investment firm KKR and Chernin Group on Tuesday said they will create a new platform called Emerald Media to invest in the media and entertainment industries across Asia. KKR has committed up to $300 million to the Emerald Media platform from its KKR Asian Fund II and the Chernin Group will join as a minority co-investor. KKR has also acquired a significant, minority stake in CA Media, the existing Asian media portfolio of the Chernin Group.