CAA is back in business with its former majority owner, private-equity giant TPG — with the two companies teaming up on plans to buy creator-led companies.
CAA and TPG’s Integrated Media Company (IMC) have formed Compound Creative Holdings, a $250 million holding company “designed to acquire, operate and grow a portfolio of leading Creator Economy businesses,” they said in a press release.
Compound will “partner with the artists, entrepreneurs and independent voices of today who are reshaping entertainment, and provide patient capital, operational infrastructure, and commercial edge,” CAA and IMC said.
Tucker Brown, most recently a partner at CAA Evolution and former investment banking analyst, will lead Compound as managing partner. The holding company will be overseen by an executive committee comprising CAA’s Kevin Huvane, Jim Burtson and Maya Ho and IMC’s Jon Miller, Ori Winitzer and Ben Loffredo. CAA Creators agent Andrew Graham and CAA strategic development executive Adam Goldstein will serve as advisers.
“Compound brings together creative vision and financial resources to open doors to opportunities unlike any other,” said Kevin Huvane, co-chairman of CAA, in a statement. “Creators around the world are building full-fledged media companies with direct audience connections and true ownership of their intellectual property. Compound is built to fuel that momentum and reflects our commitment to helping creators amplify their impact.”
