Eldridge Industries owns Stonebriar Finance Holdings, a large ticket commercial finance and leasing company.[10] It has a majority ownership stake in investment manager Maranon Capital.[11] In 2021, some of Eldridge Industries' credit management operations spun out to create Panagram Structured Asset Management.[12] Panagram launched its firstcollateralized loan obligations (CLOs)exchange-traded fund in February 2023,[13] with a second ETF launched in July of that year.[14] Eldridge Industries owned CBAM Partners, anSEC-registered investment advisor,[15] before selling it toThe Carlyle Group for $787 million in 2022.[16]
In 2023, the company became a founding member of the Allbright Alliance, a collective initiative to increase opportunities for women in the workforce.[17]
Eldridge Industries partnered with AECOM to create the real estate investment firm Eldridge Acre Partners. The firm launched in May 2024 with $1 billion in assets,[18] and Eldridge Industries as the majority owner.[19] Eldridge Industries partnered withRaymond James Financial later that same year.[20]
In 2025, the company launched Eldridge, a new asset manager and insurance holding company with over $70 billion inassets under management. It is wholly owned by Eldridge Industries and includes two divisions, Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Wealth Solutions comprises Everly Life and Security Benefit Life Insurance,[22] an insurer with $49.9 billion in assets.[23] It had a net income of $1.2 billion in 2023,[24] and issued an offering of $650 million in senior debt in 2024.[25] Several existing Eldridge Industries businesses were reconsolidated under Eldridge, including Panagram Asset Management and Maranon Capital. Stonebriar Finance Holdings' investment team was also integrated into Eldridge.[22]
In 2025, Eldridge opened an office inSingapore.[7]
Eldridge Industries'special-purpose acquisition company Horizon Acquisition Corporation was founded in June 2020.[26] The company filed for a blank checkIPO of $575 million in August 2020.[27] It merged with ticket resellerVivid Seats in 2021,[28] taking them public as Vivid.[29] Eldridge Industries bought an additional $24.4 million in Vivid stock in 2023. Vivid is traded on theNasdaq.[30]
In March 2017, the company led a round of funding estimated at over $100 million forDraftKings, a dailyfantasy sports contest provider.[31][32] DraftKings purchased a stake in Vivid from Eldridge Industries, when the company went public in 2021.[33] Eldridge Industries also has a stake in theLos Angeles Dodgers;[23] Chavez Ravine, the acreage around Dodger Stadium;[34][35]Cloud9;[36] andFanatics, Inc..[37]
In 2020, the company acquired data technology companySeek,[42] formerly known as Knoema.[43] In 2021, Eldridge Industries participated in multiple funding rounds for digital delivery serviceGopuff, including the company's $1.1 billion financing round,[44] and a $475 million financing round for artificial intelligence companyDataminr.[45] The company invested in AI security company Oosto (formerly AnyVision[46]) in 2018 and 2021.[47]
It has invested in The Ready Games and mobile game developer Tripledot Studios.[58] In 2025, Tripledot Studios acquiredAppLovin's portfolio of mobile game studios in 2025 for $800 million, as part of its expansion across North America, Europe and Asia.[59] Eldridge Industries held a stake inEpic Games which was sold back to Epic in 2021.[4]
In 2022, the company led a $210 million investment round for Canadian financial technology companyKoho.[65] As of 2023, Koho reached an $800 million valuation and had over 1 million users.[66] Eldridge Industries has led investment rounds forDigital Currency Group,[67]Cross River Bank,[68] which was valued at $3 billion in March 2022,[69] and an investment round for insurance technology company Accelerant, which reached a $2.4 billion valuation in 2023.[70] Accelerant expanded its operations to Canada with the acquisition of Omega Insurance in 2023.[71]
In 2022, the company led a $400 million investment round for Velocity Global and took a seat on its board of directors.[72]
Eldridge Industries also invested inMetropolis Technologies, an AI parking management company,[73] leading a $1.7 billion funding round Metropolis' $1.5 billion acquisition ofSP Plus Corporation in 2024, which took SP Plus private.[74]
Eldridge Industries has backed hospitality group Aurify Brands since it was founded in 2011.[75] It invested in international bakery-restaurant chainLe Pain Quotidien through Aurify in March 2021.[76] In 2023, Convive Brands was formed to operate Le Pain Quotidien, Little Beet and Little Beet Table, which had been previously operated by Aurify.[77] Eldridge Industries has also invested in pizza restaurant chainChuck E. Cheese.[78]
Thirteenth Floor Entertainment Group, an operator of horror-themed entertainment venues and escape rooms, is partially owned by the company.[79][80] Eldridge Industries was part of a group of creditors who invested $1.2 billion in Canadian companyCirque du Soleil in 2020.[81]
Eldridge Industries invested invirtual reality entertainment company Illuminarium Experiences, as part of a $100 million investment.[82] The company led a $3.4 million funding round forfood delivery marketplace Sesame in December 2021.[83] Eldridge Industries has also invested in agricultural and industrial chemical producer LSB Industries,[84] recycling technology company Protein Evolution, Inc.,[85] and G-Form, producer of Smart-Flex athletic gear.[86]
Eldridge Industries co-ownsCain International, a London-headquartered real estate firm with an estimated $17 billion in assets under management.[87] Cain ownsThe Beverly Hilton in Los Angeles,830 Brickell, which was completed in 2024,[88]Missoni Baia, the Una Residences in Miami,[89][90] and theDelano South Beach, which is under renovation as part of a joint venture with Accor.[91] Cain also invested in hospitality groupAman Group,[92] and is developing One Beverly Hills, a mixed-use site that includes the Beverly Hilton, the Waldorf-Astoria Beverly Hills, and an Aman Hotel, Residences & Club which broke ground in 2024.[93] In 2025, Eldridge Industries and Cain received $300 million in financing fromVici Properties to develop One Beverly Hills. The property is scheduled for completion in 2027, ahead of the2028 Summer Olympics in Los Angeles.[94]
The company has invested inThe St. James sports complex, a 450,000 sq. ft. facility inSpringfield, Virginia. The complex is part of a planned network of elite sports training academies.[96]
The company seeded Essential Properties Realty Trust, a REIT that went public in June 2018.[97] In 2019, Eldridge Industries invested $300 million in real estate investment companyKennedy Wilson.[98] In 2020, Eldridge Industries co-founded Blackbrook Capital, an independent European real estate investment firm, with a €1 billion investment.[99][100] Blackbrook merged with Cain in 2024.[101]
In December 2021, the company acquired a minority interest in Langdon Park Capital, aBlack-owned real estate investment company."[102] Langdon Park Capital subsequently acquired 200 housing units inLos Angeles as part of a strategy to createaffordable housing for the Black and Latino communities.[103]
Eldridge Industries owns Zinnia (formerly SE2), an end-to-end insurance software provider[104] based in Topeka, Kansas. The company develops a platform of administrative and distribution tools and digital ledger technology used in insurance.[105] Zinnia acquired Breathe Life, a SaaS insurance platform, in 2022[106] and acquired online insurance marketplacePolicygenius in 2023,[107] and technology companyEbix in 2024.[108] Zinnia raised $300 million in strategic financing from Vista Credit Partners in 2024.[109] In March 2025,Gary Cohn joined Zinnia's board of directors.[110]
In 2021, the company participated in a $60 million investment in financial services company Buckle. The company invested in DPL Financial Partners in January 2021 and September 2022.[111] In 2022, the company had over $1 billion in annuity sales, this doubled to $2 billion in 2023.[112]
That year, Eldridge Industries invested in PPRO Financial and Clearcover Insurance.[113][114] Hudson Structured Capital Management refinanced in 2021, with Eldridge Industries as its principal backer.[115]
In 2015, Eldridge Industries put some of its media properties up for sale, includingAdweek and theClio Awards.[116]Adweek was sold a year later to Beringer Capital.[117] The Clio Awards, a 58-year-old ad industry event, was sold to investment company Evolution Media in 2017.[118]
In December 2016, Billboard-Hollywood Reporter Media Group purchased the music publicationsSpin,Stereogum andVibe fromSpinMedia for an undisclosed amount.[119]
In February 2018, Eldridge Industries announced it would be consolidating three of its entertainment properties into a new company, Valence Media,[120] which rebranded asMRC on July 20, 2020.[121] The properties includedMedia Rights Capital (MRC), a film and television studio which createdNetflix showsOzark andHouse of Cards;[122][123] Dick Clark Productions; and theBillboard-The Hollywood Reporter Media Group.[124][125][126] At the time, MRC owned a minority stake in film distributorA24;[126] and London-based production companyFulwell 73.[127][23]
In November 2020, Eldridge Industries acquired the music publishing rights to American rock bandThe Killers, covering the band's first five albums.Universal Music Publishing Group will continue to administer the catalogue.[130]
In September 2020, it was announced thatPenske Media Corporation and MRC would form a joint venture named PMRC. The new venture managed the daily operations of publications such asBillboard,The Hollywood Reporter,Vibe,Variety,Rolling Stone andMusic Business Worldwide.[131] 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 includingLife Is Beautiful Music & Art Festival andSouth by Southwest.[132] The venture became the majority owner of South by Southwest in 2021.[133]
In December 2021, the company partnered withSony Music Group to finance the acquisition ofBruce Springsteen's recorded music and songwriting catalogue.[134] The deal, which was estimated to be between $500 million and $600 million, was reportedly the largest transaction for an individual artist's music rights to date.[135]
In August 2022, Eldridge Industries and MRC reached an agreement to separate their assets.[136] Eldridge Industries became a minority stakeholder in MRC, acquired ownership of Dick Clark Productions and Billboard-Hollywood Reporter Media Group from the company, and retained its investments in ventures such as Penske Media,A24 andLuminate Data.[137] In 2023, Eldridge Industries and Penske formed the joint venture Penske Media Eldridge, which owns or co-owns properties such as SXSW, Life Is Beautiful,ATX Television Festival, and Dick Clark Productions.[138]
In 2023, it was announced that Eldridge Industries was the largest investor in Gamma, a music media company founded by Larry Jackson. The company partnered with artists such asSnoop Dogg andUsher, and made plans to develop films with A24.[139] It was announced that music executive Sipho Dlamini was president of its operations in Africa and the Middle East, andNaomi Campbell joined as a special advisor.[140] Gamma co-produced and releasedthe soundtrack album forThe Color Purple (2023).[141] The company received a $100 million investment in February 2024, bringing its valuation to $400 million.[142]Mariah Carey has also signed with the label to release her upcoming sixteenth album, with the lead single "Type Dangerous."[143]
The company has invested in startup fan engagement platform Laylo,[144]content creation management company Fixated,[145] and digital marketing firm Viral Nation,[146] which appeared on theDeloitte Fast 500.[64]
Boehly was interim CEO of theHollywood Foreign Press Association (HFPA), the organizer of theGolden Globe Awards, from 2021 until 2023.[149] 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.[150][151] In January 2023, Dick Clark Productions, the producer of the Golden Globes, was acquired by the joint venture Penske Media Eldridge.[152]
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,[153] which had previously been criticized for a lack of Black representation.[154] In 2023, the organization added 215 international members to its voting body. This increased the total number of voters from 95 voters prior to the company's ownership to 310 voters, with 52% of the expanded voting body identifying as ethnically diverse and 17% identifying asLGBTQ+.[155] The organization introduced a number of bylaws to prevent member misconduct and conflicts of interest. Members of the Golden Globes Association now receive a salary and are held to a higher level of accountability.[156]
In January 2023, the Golden Globe Awards returned toNBC after not having been televised the previous year. The 2023 show was described by some critics as a comeback for the association, receiving particular praise for the diversity of its nominees and "anything-goes vibe."[157] Michael Schulman ofThe New Yorker described the atmosphere as "alternately witty and moving."[158] The broadcast had 6.3 million viewers and made 24.2 billion impressions on social media.[159]
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] Under this deal, the non-profitGolden Globe Foundation was established to handle the philanthropic efforts of the former HFPA, which was dissolved.[161]
The 2024 Golden Globes aired onCBS on January 7, 2024 and was watched by 9.4 million viewers, the show's highest ratings since before the COVID-19 pandemic.[162] The 2024 Globes included six nominees per category over the former five nominees, and two new awards categories: "Stand-up Comedy" and "Cinematic and Box Office Achievement."[163]
