Content Partners, the largest independent owner of major studio-distributed films and television programming, and Carlyle’s Global Credit platform announced the closing of a single-asset continuation vehicle designed to provide additional capital for Content Partners’ ongoing acquisition and growth strategy.
The transaction offers existing investors, including Carlyle Credit Opportunities Fund II, the option to realize liquidity or maintain exposure to the company’s future growth. The vehicle also includes participation from new third-party investors and Carlyle Credit Opportunities Fund III. Financial terms of the transaction were not disclosed.
Founded in 2006 by Steven Blume and Steven Kram, Content Partners provides liquidity solutions for owners of media assets across film, television, music, and other entertainment properties. The company currently manages a portfolio of more than 800 motion pictures and over 3,000 hours of television content, making it the largest independent owner of major studio-distributed content.
Since receiving an investment from Carlyle’s Global Credit platform in 2022, Content Partners has expanded its library through strategic acquisitions across the film and television ecosystem.
The new capital will support Content Partners’ continued acquisition strategy across the film and television landscape. Existing investors were provided with the option to realize liquidity or continue participating in the company’s future growth, while new investors and Carlyle Credit Opportunities Fund III joined the continuation vehicle.
Carlyle’s Credit Opportunities strategy focuses on providing structured and privately negotiated solutions across the capital structure to founder-led, sponsor-backed, and special situation companies, with an emphasis on long-term value creation.
As of March 31, 2026, Carlyle’s Global Credit platform managed approximately $209 billion in assets, while Carlyle had total assets under management of $475 billion.
Moelis & Company served as financial advisor to Carlyle. Debevoise & Plimpton and Paul, Weiss, Rifkind, Wharton & Garrison acted as legal counsel to Carlyle, while Latham & Watkins served as legal counsel to Content Partners.
KEY QUOTES:
“We are pleased to have supported Content Partners’ success and look forward to continuing our partnership as the Company enters its next phase of growth with this new capital. Content Partners has built a differentiated platform focused on high-quality film and television assets. The portfolio is characterized by what we believe are long-duration, largely uncorrelated cash flows that we think are well positioned to continue benefiting from sustained demand for premium library content. We look forward to partnering with the team to build on this success in the years to come.”
Benjamin Fund, Partner at Carlyle
“Content Partners is excited about the successful closing of this continuation vehicle, which delivers meaningful new capital to fuel our ongoing acquisition momentum while providing existing investors with attractive liquidity options. We appreciate the strong ongoing support from Carlyle and are confident this transaction will help us further strengthen our position as the leading independent owner of premium studio film and television assets. We’re eager to build on this momentum by continuing to pursue compelling film and television opportunities that will expand our market-leading library and deliver outstanding long-term value.”
Steven Kram, Co-Founder and CEO; Steven Blume, Co-Founder, CFO and COO; and John Mass, President of Content Partners
