Eldridge Industries

Eldridge Industries, LLC is an American holding company headquartered in Greenwich, Connecticut, with offices in New York City, London, and Beverly Hills.

[10] In January 2021, the College of William & Mary announced that it had partnered with Eldridge Industries to develop a series of courses related to fiscal policy at the Mason School of Business.

[16] Eldridge Industries sold CBAM Partners, an SEC-registered investment advisor, to The Carlyle Group for $787 million in 2022.

[17] In October 2022, the company participated in a $20 million investment round for Protein Evolution, Inc. which develops enzymes used in the recycling of plastics and textiles.

[18] In 2023, Eldridge Industries became a founding member of the Allbright Alliance, a collective initiative to increase opportunities for women in the workforce.

[22] In October 2024, it was announced that Eldridge Industries was acquiring a 10% interest in Blue Owl GP Stakes Fund III.

[29] In March 2017, Eldridge Industries led a round of funding estimated at over $100 million for DraftKings, a daily fantasy sports contest provider.

[40] Eldridge Industries has invested in technology companies Cutover,[41] Digital Asset,[42] and Capital Integration Systems (CAIS).

[45] In July 2020, Eldridge Industries invested in a $53 million fundraising round for Kernel, a Los Angeles-based neurotechnology company.

[74] Eldridge Industries led a $400 million investment round for Velocity Global, and took a seat on its board of directors in 2022.

[84][85] Eldridge Industries was part of a group of creditors who invested $1.2 billion in Canadian company Cirque du Soleil in 2020.

[89] Eldridge Industries co-owns Cain International, a London-headquartered real estate firm with an estimated $17 billion in assets under management.

[90] Cain owns The Beverly Hilton in Los Angeles, 830 Brickell, which was completed in 2024,[91] Missoni Baia, the Una Residences in Miami,[92][93] and the Delano South Beach, which is under renovation as part of a joint venture with Accor.

[119] In December 2016, Billboard-Hollywood Reporter Media Group purchased the music publications Spin, Stereogum and Vibe from SpinMedia for an undisclosed amount.

[120] In February 2018, Eldridge Industries announced it would be consolidating three of its entertainment properties into a new company, Valence Media,[121] which rebranded as MRC on July 20, 2020.

The new venture managed the daily operations of publications such as Billboard, The Hollywood Reporter, Vibe, Variety, Rolling Stone and Music Business Worldwide.

[132] A second joint venture between MRC and Penske was also announced, to manage content and intellectual property such as television series, films, and live events including Life Is Beautiful Music & Art Festival and South by Southwest.

[141] In 2023, it was announced that Eldridge Industries was the largest investor in Gamma, a music media company founded by Larry Jackson.

[142] The company recently acquired music distribution platform Vydia, and also launched plans to expand into Africa and the Middle East, with headquarters in Lagos and Dubai.

It was announced that music executive Sipho Dlamini was president of its operations in Africa and the Middle East, and Naomi Campbell joined as a special advisor.

[147] Boehly was interim CEO of the Hollywood Foreign Press Association (HFPA), the organizer of the Golden Globe Awards, from 2021 until 2023.

[148] In July 2022, it was announced that Eldridge Industries would acquire the HFPA, and establish a private company to manage the intellectual property of the Golden Globes.

[148] In January 2023, Dick Clark Productions, the producer of the Golden Globes, was acquired by the joint venture Penske Media Eldridge.

[151] Under Eldridge Industries' ownership, the organization announced a series of planned reforms, to improve accountability and inclusion.

These reforms include the addition of new Golden Globes voters to increase the diversity of its membership,[152] which had previously been criticized for a lack of Black representation.

[158] In June 2023, Eldridge Industries and Dick Clark Productions acquired the assets, rights and properties of the Golden Globes to operate as a private enterprise.

[160] The 2024 Golden Globes aired on CBS on January 7, 2024 and was watched by 9.4 million viewers, the show's highest ratings since before the COVID-19 pandemic.