Shamrock Capital, the descendant firm of the late Roy E. Disney’s family investment fund, has sold a minority equity position to RidgeLake Partners and Bonaccord Capital, both private equity firms.

The transaction works to provide long-term capital to support the growth and institutionalization of the L.A.-based investment firm which focuses on media, entertainment and communications. There will be no change in Shamrock’s investment process, day-to-day management or operations of the firm.

“We are proud to invest in Shamrock Capital, an exceptional middle-market sponsor with a consistent track record of investing in high-quality assets across media, entertainment, and communications, delivering results to its limited partners for over twenty years,” says Ajay Chitkara, managing partner at Bonaccord. “We believe in Shamrock’s vision, and we look forward to actively partnering with Shamrock to support its long-term strategic goals.”

RidgeLake is a strategic partnership between Ottawa Avenue Private Capital and Apogem Capital.

Evercore served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Shamrock. Gibson, Dunn & Crutcher LLP served as legal counsel to RidgeLake and Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Bonaccord.