Eldridge

Eldridge Industries, commonly associated with the Eldridge brand, is a privately held American investment and holding company headquartered in Miami. It was established in 2015 by Todd Boehly, who serves as chairman and chief executive, together with president Anthony D. Minella and general counsel Duncan Bagshaw. The group took its name from the Eldridge Hotel, where Boehly stayed during negotiations surrounding Guggenheim Partners’ acquisition of Security Benefit Life Insurance. Eldridge was formed after Boehly acquired a portfolio of media and entertainment assets from Guggenheim, including Dick Clark Productions, Billboard, The Hollywood Reporter and Mediabistro. Rather than operating as a conventional consumer-facing company, Eldridge functions as a diversified investment platform. Its activities span insurance and insurance technology, asset management, private credit, financial technology, sports ownership, media, entertainment, music rights, real estate, hospitality and selected consumer businesses. The company generally invests through controlling interests, minority stakes, operating subsidiaries, joint ventures and strategic financing rounds. Its portfolio has included or included interests in businesses such as Security Benefit Life Insurance, Zinnia, Maranon Capital, Panagram Structured Asset Management, Cain International, Vivid Seats, the Los Angeles Dodgers, Fanatics, Cloud9, DraftKings, MRC, Penske Media Eldridge, A24, Flexjet, CoreWeave, Gopuff, Dataminr, Stash, Truebill, Kindbody and Koho. Financial services and insurance are central to the group. Eldridge has owned insurance businesses and supported technology providers serving insurers, including Zinnia, formerly known as SE2. Its investment activities have also covered private credit, structured finance, annuities, wealth solutions and asset management. In 2025, the company introduced a separately branded Eldridge asset-management and insurance platform, comprising Eldridge Capital Management and Eldridge Wealth Solutions. The new platform was reported to have more than $70 billion in assets under management, with Security Benefit Life Insurance and Everly Life among the businesses associated with its wealth-solutions activities. Media and entertainment have remained important parts of the portfolio. Eldridge consolidated several entertainment holdings into Valence Media in 2018; that business was later renamed MRC. Eldridge has held interests in film and television production, music publications, live events, digital media, music catalogues and creator-economy businesses. It partnered with Penske Media Corporation in ventures involving Billboard, The Hollywood Reporter, Variety, Rolling Stone, Vibe and other properties, and later formed Penske Media Eldridge. The group has also participated in major music-rights transactions, including financing connected with Bruce Springsteen’s recorded-music and songwriting catalogue. In sports and live entertainment, Eldridge has invested in or owned interests connected with the Los Angeles Dodgers, the surrounding Chavez Ravine property, Fanatics, Cloud9, DraftKings, Flexjet and Vivid Seats. In real estate, it has partnered with Cain International and AECOM, seeded Essential Properties Realty Trust, invested in Kennedy Wilson and Blackbrook Capital, and backed hospitality and mixed-use developments in the United States and Europe. Its investments in consumer and leisure businesses have included Aurify Brands, Le Pain Quotidien, Chuck E. Cheese, Cirque du Soleil, Illuminarium Experiences and Thirteenth Floor Entertainment Group. Eldridge also uses special-purpose vehicles and strategic partnerships to access public markets and expand its investment platform. Its Horizon Acquisition Corporation merged with Vivid Seats in 2021, taking the ticketing company public on Nasdaq. The company has offices in several international markets and has continued to expand its private-credit, insurance and asset-management capab…

Eldridge Industries was created in 2015 after Todd Boehly acquired several media and entertainment assets from Guggenheim Partners. The initial portfolio included Dick Clark Productions, Billboard, The Hollywood Reporter and Mediabistro. Boehly named the company after the Eldridge Hotel, associated with negotiations over Guggenheim’s purchase of Security Benefit Life Insurance. From its beginning, Eldridge was designed as a holding company rather than a single-sector operating brand. The group expanded through a combination of acquisitions, minority investments, operating subsidiaries and partnerships. In media, it reorganized several holdings into Valence Media in 2018, later renamed MRC. The group acquired music data assets from Nielsen, sold or transferred selected publications, and participated in joint ventures with Penske Media covering trade publications, entertainment content and live events. Eldridge also invested in music catalogues and helped finance Sony Music Group’s acquisition of Bruce Springsteen’s recorded and songwriting rights in 2021. In 2022, Eldridge and MRC separated portions of their assets, while Eldridge retained important interests in Dick Clark Productions, Billboard and The Hollywood Reporter-related businesses. Penske Media Eldridge was established in 2023. Financial services became an increasingly prominent area. Eldridge owned or backed insurance companies, insurance software providers, private-credit businesses and asset managers. Its credit-management operations helped produce Panagram Structured Asset Management in 2021. Eldridge sold CBAM Partners to Carlyle in 2022, while continuing to build exposure to insurance technology, annuities, structured credit and wealth management. Zinnia, formerly SE2, expanded through acquisitions including Breathe Life, Policygenius and Ebix. In 2025, several related businesses were brought together under the Eldridge name through Eldridge Capital Management and Eldridge Wealth Solutions. Technology investments have covered fintech, artificial intelligence, software, digital commerce, health technology, biotechnology and gaming. The portfolio has included PayActiv, Stash, Truebill, Gopuff, Dataminr, Oosto, CoreWeave, Bilt Rewards, CAIS, Kindbody, Quantum-Si, Tripledot Studios and other companies. Some investments were later realized through acquisitions, including Truebill’s sale to Rocket Companies and Epic Games’ repurchase of Eldridge’s interest. Sports, real estate and consumer investments broadened the platform. Eldridge participated in financing for DraftKings and has held interests associated with the Dodgers, Fanatics, Cloud9, Flexjet and Vivid Seats. It co-owned or partnered with Cain International, invested in Blackbrook Capital and Kennedy Wilson, seeded Essential Properties Realty Trust, and backed hospitality, office, residential and sports-training developments. Consumer investments included restaurant, entertainment, leisure, food-delivery and recycling businesses. The company also participated in creditor financing for Cirque du Soleil during its 2020 restructuring period. Eldridge developed an international presence with offices in the United States, United Kingdom, Singapore, India and the United Arab Emirates. Its strategy has remained broad but thematically consistent: acquire or finance businesses with durable cash flows, develop specialist investment platforms and use partnerships to enter sectors such as insurance, private credit, sports, entertainment and real estate. The company remains privately held and is best understood as a multi-sector investment house rather than a conventional product brand.

1. 2025Eldridge platform launches

   Eldridge introduced Eldridge Capital Management and Eldridge Wealth Solutions as a branded asset-management and insurance platform.

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2. 2024Eldridge Acre Partners launches

   Eldridge and AECOM created a real-estate investment firm that launched with reported assets of approximately $1 billion.

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3. 2023Penske Media Eldridge is formed

   Eldridge and Penske Media created a joint venture for media, entertainment and live-event properties.

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4. 2022CBAM Partners is sold to Carlyle

   Eldridge completed the sale of CBAM Partners to Carlyle in a transaction reported at $787 million.

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5. 2021Horizon combines with Vivid Seats

   The transaction took Vivid Seats public on Nasdaq.

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6. 2021Panagram is created

   Some of Eldridge’s credit-management activities were spun out into Panagram Structured Asset Management.

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7. 2020Horizon Acquisition Corporation is formed

   Eldridge launched a special-purpose acquisition company that pursued a $575 million blank-check IPO.

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8. 2018Media assets consolidated under Valence Media

   Several entertainment and media holdings were combined into Valence Media, later renamed MRC.

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9. 2017Investment in DraftKings

   Eldridge led a funding round of more than $100 million for daily-fantasy-sports company DraftKings.

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10. 2015Eldridge Industries is established

    Todd Boehly, Anthony D. Minella and Duncan Bagshaw established Eldridge after the acquisition of major media and entertainment assets from Guggenheim Partners.

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A diversified private investment platform combining long-term ownership of operating companies with minority investments, structured finance and strategic partnerships across financial services, technology, sports, media, real estate and consumer sectors.

• Eldridge Capital ManagementAsset management2025

  The capital-management division of the Eldridge platform, focused on investment management and related strategies within the group’s broader financial-services operation.

• Eldridge Wealth SolutionsInsurance and wealth management2025

  The wealth-solutions division brings together insurance and related businesses, including Everly Life and Security Benefit Life Insurance, and is positioned around retirement, annuity and protection products.

• ZinniaInsurance technology

  An insurance-technology business formerly known as SE2. Zinnia provides administrative, distribution and digital-ledger tools for insurers and expanded through acquisitions including Breathe Life, Policygenius and Ebix.

• Cain InternationalReal estate investment

  A London-based real-estate investment firm co-owned by Eldridge and involved in office, residential, hospitality and mixed-use projects, including properties and developments in Los Angeles, Miami and London.

• Penske Media EldridgeMedia and entertainment joint venture2023

  A joint venture with Penske Media that owns or co-owns media, entertainment and live-event properties, including interests connected with SXSW, Life Is Beautiful, ATX Television Festival and Dick Clark Productions.

• Horizon Acquisition CorporationSpecial-purpose acquisition company2020

  Eldridge’s special-purpose acquisition vehicle, formed to raise capital through a blank-check offering and later combined with ticket marketplace Vivid Seats.

• 2023Allbright Alliance

  United States

  Eldridge became a founding member of the Allbright Alliance, a collective initiative intended to increase opportunities for women in the workforce.

  Outcome. The company joined the alliance as a founding participant; further measurable outcomes are not specified in the supplied sources.

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• 2025Launch of the Eldridge asset-management and insurance platformStrategy

  Eldridge Industries had accumulated insurance, wealth, private-credit and investment-management businesses across several entities.

  What changed. The company launched Eldridge as a branded platform with Eldridge Capital Management and Eldridge Wealth Solutions.

  Aftermath. The platform was reported to encompass more than $70 billion in assets under management and to include Security Benefit Life Insurance and Everly Life among its businesses.

  Assets under management. More than $70 billion (2025)

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• 2022Sale of CBAM PartnersM&A

  CBAM Partners was an SEC-registered investment adviser owned by Eldridge.

  What changed. Eldridge sold CBAM Partners to The Carlyle Group.

  Aftermath. The reported transaction value was $787 million, allowing Eldridge to recycle capital while retaining other credit and asset-management activities.

  Reported transaction value. $787 million (2022)

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• 2021Combination of Horizon Acquisition Corporation and Vivid SeatsM&A

  Eldridge used its special-purpose acquisition company to pursue a public-market transaction for ticket marketplace Vivid Seats.

  What changed. Horizon merged with Vivid Seats, taking the operating company public on Nasdaq.

  Aftermath. Eldridge remained an investor in Vivid Seats and purchased additional shares in 2023.

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• 2018Consolidation of media and entertainment holdingsStrategy

  Eldridge held several related media and entertainment businesses, including MRC, Dick Clark Productions and the Billboard–Hollywood Reporter Media Group.

  What changed. The businesses were consolidated into Valence Media, which was later renamed MRC.

  Aftermath. The structure was subsequently adjusted through the separation of Eldridge and MRC assets and the creation of later joint ventures with Penske Media.

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• 2025Eldridge launches a branded asset-management and insurance platform

  The Eldridge platform was introduced with capital-management and wealth-solutions divisions and more than $70 billion in reported assets under management.

  Product launch
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• 2025Eldridge launches a consolidated asset-management and insurance platform

  Eldridge introduced Eldridge, combining Eldridge Capital Management and Eldridge Wealth Solutions and reporting more than $70 billion in assets under management.

  Product launch
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• 2025Eldridge partners with Fifth Third on private credit

  The companies announced a partnership intended to expand private-credit offerings.

  Other
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• 2024Eldridge Acre Partners launches

  Eldridge and AECOM launched Eldridge Acre Partners as a real estate investment platform with reported assets of approximately $1 billion at launch.

  Product launch
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• 2023Penske Media Eldridge is formed

  Eldridge and Penske Media formed a joint venture involving media, entertainment and live-event properties.

  M&A
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• 2023Penske Media Eldridge is established

  Eldridge and Penske Media formed a joint venture covering entertainment, publishing, festivals, and related intellectual property.

  M&A
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• 2022Eldridge sells CBAM Partners to Carlyle

  Eldridge agreed to sell investment adviser CBAM Partners to The Carlyle Group for a reported $787 million.

  M&A
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• 2022Eldridge and MRC separate assets

  Eldridge and MRC reached an agreement to separate parts of their media and entertainment holdings, with Eldridge retaining or reacquiring selected properties and investments.

  Other
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• 2022CBAM Partners is sold to Carlyle

  Eldridge sold investment adviser CBAM Partners to The Carlyle Group in a transaction reported at $787 million.

  M&A
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• 2022Eldridge and MRC separate portions of their media assets

  Eldridge and MRC reorganized their relationship, with Eldridge taking ownership of Dick Clark Productions and Billboard–The Hollywood Reporter Media Group while retaining selected minority investments.

  M&A
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• 2021Horizon Acquisition merges with Vivid Seats

  The SPAC combined with ticket marketplace Vivid Seats, bringing the company to the Nasdaq public market.

  M&A
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• 2021Horizon Acquisition Corporation agrees to merge with Vivid Seats

  Eldridge’s special-purpose acquisition company combined with ticket marketplace Vivid Seats, taking the company public.

  M&AOther
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• 2020Eldridge forms Horizon Acquisition Corporation

  Eldridge established a special-purpose acquisition company that filed for a blank-check IPO.

  Other
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• 2020Eldridge provides financing to ARK Invest

  Eldridge financed ARK Invest in a transaction intended to support founder Cathie Wood’s continued majority ownership.

  Other
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• 2015Eldridge Industries is formed around media and investment assets

  Todd Boehly established Eldridge Industries after acquiring several media and entertainment assets from Guggenheim Partners.

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1. Eldridge Industries
2. Eldridge Industries official website