[2] In 2018, Chernin, Jacobs, and Kerns formed TCG, an investment advisory firm based in Los Angeles, San Francisco, and New York.
TCG manages private equity investments in the media, entertainment, technology, sports and consumer sectors.
[1] In April 2012, the Financial Times reported that TCG had received $200 million in new funding from a group of investors led by Providence Equity Partners.
[5] TCG sold its controlling interest in Otter Media (including Crunchyroll) to AT&T in August 2018, reportedly for around $1 billion.
[6][7] As of November 2019, TCG had "invested over $200 million in emerging businesses, with an average equity investment of $25 million-$75 million," including in the media and commerce site Food52, tabletop games company Exploding Kittens, MeatEater, Headspace, The Action Network, online wedding registry Zola, Cameo, ShopShops, and Dadi.