The Chernin Group

The Chernin Group / TCG is a U.S. media, entertainment, technology, sports, and consumer-focused private-equity and growth-equity investment firm founded in 2010 as a holding company by Peter Chernin (former President and COO of News Corp, Chairman and CEO of Fox Group 1996-2009) and Jesse Jacobs (former Goldman Sachs media-and-entertainment banker and Fox Sports executive), with Mike Kerns (former Yahoo! senior executive) joining as President of Digital in 2015. The firm evolved from an operating-holding-company model into a dedicated institutional investment firm as TCG Capital Management, LP in 2018/2019, with offices in Los Angeles, San Francisco, and New York, and in April 2012 sold a minority stake in TCG to Providence Equity Partners and other private investors. Fund II closed in 2021 with more than USD 1.3 billion in commitments, and the portfolio includes Collectors Universe, Dapper Labs, Epic Gardening, Exploding Kittens, Food52, Funko, Goalhanger, Headspace, Hodinkee, Lovevery, MeatEater, OpenSea, Oura, Sketchy, Surfline, The Pro's Closet, Zed Run, Zola, and many more consumer businesses in digital media, commerce, marketplaces, sports, gaming, consumer finance, consumer blockchain, and health & wellness. Notable exits include Crunchyroll (to Sony), The Athletic (to The New York Times/ESPN), Barstool Sports, and Hello Sunshine. Related vehicles include CA Media (Asia) and North Road Company (media production). The old description referring to ''Fairmont Consulting Group'' is incorrect for this URL and should be replaced.