Vine Alternative Investments raises $608m

The US asset manager has closed its fourth media-focused fund.

Vine Alternative Investments has held a final close on its Vine Media Opportunity Fund IV at $608 million against its $600 million target. The vehicle received commitments from pension plans, endowments and family offices across Canada, Europe and the US such as the Florida State Board of Administration. Fund IV will invest in assets backed by major film, television and media entertainment companies.