Eldridge
American private holding company investing across financial services, technology, sports, media, real estate, insurance and consumer businesses.
Last updated October 14, 2026
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Overview
Eldridge Industries, commonly associated with the Eldridge brand, is a privately held American investment and holding company headquartered in Miami. It was established in 2015 by Todd Boehly, who serves as chairman and chief executive, together with president Anthony D. Minella and general counsel Duncan Bagshaw. The group took its name from the Eldridge Hotel, where Boehly stayed during negotiations surrounding Guggenheim Partners’ acquisition of Security Benefit Life Insurance. Eldridge was formed after Boehly acquired a portfolio of media and entertainment assets from Guggenheim, including Dick Clark Productions, Billboard, The Hollywood Reporter and Mediabistro. Rather than operating as a conventional consumer-facing company, Eldridge functions as a diversified investment platform. Its activities span insurance and insurance technology, asset management, private credit, financial technology, sports ownership, media, entertainment, music rights, real estate, hospitality and selected consumer businesses. The company generally invests through controlling interests, minority stakes, operating subsidiaries, joint ventures and strategic financing rounds. Its portfolio has included or included interests in businesses such as Security Benefit Life Insurance, Zinnia, Maranon Capital, Panagram Structured Asset Management, Cain International, Vivid Seats, the Los Angeles Dodgers, Fanatics, Cloud9, DraftKings, MRC, Penske Media Eldridge, A24, Flexjet, CoreWeave, Gopuff, Dataminr, Stash, Truebill, Kindbody and Koho. Financial services and insurance are central to the group. Eldridge has owned insurance businesses and supported technology providers serving insurers, including Zinnia, formerly known as SE2. Its investment activities have also covered private credit, structured finance, annuities, wealth solutions and asset management. In 2025, the company introduced a separately branded Eldridge asset-management and insurance platform, comprising Eldridge Capital Management and Eldridge Wealth Solutions. The new platform was reported to have more than $70 billion in assets under management, with Security Benefit Life Insurance and Everly Life among the businesses associated with its wealth-solutions activities. Media and entertainment have remained important parts of the portfolio. Eldridge consolidated several entertainment holdings into Valence Media in 2018; that business was later renamed MRC. Eldridge has held interests in film and television production, music publications, live events, digital media, music catalogues and creator-economy businesses. It partnered with Penske Media Corporation in ventures involving Billboard, The Hollywood Reporter, Variety, Rolling Stone, Vibe and other properties, and later formed Penske Media Eldridge. The group has also participated in major music-rights transactions, including financing connected with Bruce Springsteen’s recorded-music and songwriting catalogue. In sports and live entertainment, Eldridge has invested in or owned interests connected with the Los Angeles Dodgers, the surrounding Chavez Ravine property, Fanatics, Cloud9, DraftKings, Flexjet and Vivid Seats. In real estate, it has partnered with Cain International and AECOM, seeded Essential Properties Realty Trust, invested in Kennedy Wilson and Blackbrook Capital, and backed hospitality and mixed-use developments in the United States and Europe. Its investments in consumer and leisure businesses have included Aurify Brands, Le Pain Quotidien, Chuck E. Cheese, Cirque du Soleil, Illuminarium Experiences and Thirteenth Floor Entertainment Group. Eldridge also uses special-purpose vehicles and strategic partnerships to access public markets and expand its investment platform. Its Horizon Acquisition Corporation merged with Vivid Seats in 2021, taking the ticketing company public on Nasdaq. The company has offices in several international markets and has continued to expand its private-credit, insurance and asset-management capab…
History
Eldridge Industries was created in 2015 after Todd Boehly acquired several media and entertainment assets from Guggenheim Partners. The initial portfolio included Dick Clark Productions, Billboard, The Hollywood Reporter and Mediabistro. Boehly named the company after the Eldridge Hotel, associated with negotiations over Guggenheim’s purchase of Security Benefit Life Insurance. From its beginning, Eldridge was designed as a holding company rather than a single-sector operating brand. The group expanded through a combination of acquisitions, minority investments, operating subsidiaries and partnerships. In media, it reorganized several holdings into Valence Media in 2018, later renamed MRC. The group acquired music data assets from Nielsen, sold or transferred selected publications, and participated in joint ventures with Penske Media covering trade publications, entertainment content and live events. Eldridge also invested in music catalogues and helped finance Sony Music Group’s acquisition of Bruce Springsteen’s recorded and songwriting rights in 2021. In 2022, Eldridge and MRC separated portions of their assets, while Eldridge retained important interests in Dick Clark Productions, Billboard and The Hollywood Reporter-related businesses. Penske Media Eldridge was established in 2023. Financial services became an increasingly prominent area. Eldridge owned or backed insurance companies, insurance software providers, private-credit businesses and asset managers. Its credit-management operations helped produce Panagram Structured Asset Management in 2021. Eldridge sold CBAM Partners to Carlyle in 2022, while continuing to build exposure to insurance technology, annuities, structured credit and wealth management. Zinnia, formerly SE2, expanded through acquisitions including Breathe Life, Policygenius and Ebix. In 2025, several related businesses were brought together under the Eldridge name through Eldridge Capital Management and Eldridge Wealth Solutions. Technology investments have covered fintech, artificial intelligence, software, digital commerce, health technology, biotechnology and gaming. The portfolio has included PayActiv, Stash, Truebill, Gopuff, Dataminr, Oosto, CoreWeave, Bilt Rewards, CAIS, Kindbody, Quantum-Si, Tripledot Studios and other companies. Some investments were later realized through acquisitions, including Truebill’s sale to Rocket Companies and Epic Games’ repurchase of Eldridge’s interest. Sports, real estate and consumer investments broadened the platform. Eldridge participated in financing for DraftKings and has held interests associated with the Dodgers, Fanatics, Cloud9, Flexjet and Vivid Seats. It co-owned or partnered with Cain International, invested in Blackbrook Capital and Kennedy Wilson, seeded Essential Properties Realty Trust, and backed hospitality, office, residential and sports-training developments. Consumer investments included restaurant, entertainment, leisure, food-delivery and recycling businesses. The company also participated in creditor financing for Cirque du Soleil during its 2020 restructuring period. Eldridge developed an international presence with offices in the United States, United Kingdom, Singapore, India and the United Arab Emirates. Its strategy has remained broad but thematically consistent: acquire or finance businesses with durable cash flows, develop specialist investment platforms and use partnerships to enter sectors such as insurance, private credit, sports, entertainment and real estate. The company remains privately held and is best understood as a multi-sector investment house rather than a conventional product brand.
- 2025
Eldridge platform launches
[1]Eldridge introduced Eldridge Capital Management and Eldridge Wealth Solutions as a branded asset-management and insurance platform.
- 2024
Eldridge Acre Partners launches
[1]Eldridge and AECOM created a real-estate investment firm that launched with reported assets of approximately $1 billion.
- 2023
Penske Media Eldridge is formed
[1]Eldridge and Penske Media created a joint venture for media, entertainment and live-event properties.
- 2022
CBAM Partners is sold to Carlyle
[1]Eldridge completed the sale of CBAM Partners to Carlyle in a transaction reported at $787 million.
- 2021
Horizon combines with Vivid Seats
[1]The transaction took Vivid Seats public on Nasdaq.
- 2021
Panagram is created
[1]Some of Eldridge’s credit-management activities were spun out into Panagram Structured Asset Management.
- 2020
Horizon Acquisition Corporation is formed
[1]Eldridge launched a special-purpose acquisition company that pursued a $575 million blank-check IPO.
- 2018
Media assets consolidated under Valence Media
[1]Several entertainment and media holdings were combined into Valence Media, later renamed MRC.
- 2017
Investment in DraftKings
[1]Eldridge led a funding round of more than $100 million for daily-fantasy-sports company DraftKings.
- 2015
Eldridge Industries is established
[1]Todd Boehly, Anthony D. Minella and Duncan Bagshaw established Eldridge after the acquisition of major media and entertainment assets from Guggenheim Partners.
Products and positioning
A diversified private investment platform combining long-term ownership of operating companies with minority investments, structured finance and strategic partnerships across financial services, technology, sports, media, real estate and consumer sectors.
Asset management · 2025
Eldridge Capital Management
The capital-management division of the Eldridge platform, focused on investment management and related strategies within the group’s broader financial-services operation.
Insurance and wealth management · 2025
Eldridge Wealth Solutions
The wealth-solutions division brings together insurance and related businesses, including Everly Life and Security Benefit Life Insurance, and is positioned around retirement, annuity and protection products.
Insurance technology
Zinnia
An insurance-technology business formerly known as SE2. Zinnia provides administrative, distribution and digital-ledger tools for insurers and expanded through acquisitions including Breathe Life, Policygenius and Ebix.
Real estate investment
Cain International
A London-based real-estate investment firm co-owned by Eldridge and involved in office, residential, hospitality and mixed-use projects, including properties and developments in Los Angeles, Miami and London.
Media and entertainment joint venture · 2023
Penske Media Eldridge
A joint venture with Penske Media that owns or co-owns media, entertainment and live-event properties, including interests connected with SXSW, Life Is Beautiful, ATX Television Festival and Dick Clark Productions.
Special-purpose acquisition company · 2020
Horizon Acquisition Corporation
Eldridge’s special-purpose acquisition vehicle, formed to raise capital through a blank-check offering and later combined with ticket marketplace Vivid Seats.
Marketing campaigns
- 2023Allbright Alliance
United States
Eldridge became a founding member of the Allbright Alliance, a collective initiative intended to increase opportunities for women in the workforce.
Outcome. The company joined the alliance as a founding participant; further measurable outcomes are not specified in the supplied sources.
Brand decisions
2025
Launch of the Eldridge asset-management and insurance platformStrategyBackground
Eldridge Industries had accumulated insurance, wealth, private-credit and investment-management businesses across several entities.
Action taken
The company launched Eldridge as a branded platform with Eldridge Capital Management and Eldridge Wealth Solutions.
Aftermath
The platform was reported to encompass more than $70 billion in assets under management and to include Security Benefit Life Insurance and Everly Life among its businesses.
Assets under management. More than $70 billion (2025)
2022
Sale of CBAM PartnersM&ABackground
CBAM Partners was an SEC-registered investment adviser owned by Eldridge.
Action taken
Eldridge sold CBAM Partners to The Carlyle Group.
Aftermath
The reported transaction value was $787 million, allowing Eldridge to recycle capital while retaining other credit and asset-management activities.
Reported transaction value. $787 million (2022)
2021
Combination of Horizon Acquisition Corporation and Vivid SeatsM&ABackground
Eldridge used its special-purpose acquisition company to pursue a public-market transaction for ticket marketplace Vivid Seats.
Action taken
Horizon merged with Vivid Seats, taking the operating company public on Nasdaq.
Aftermath
Eldridge remained an investor in Vivid Seats and purchased additional shares in 2023.
2018
Consolidation of media and entertainment holdingsStrategyBackground
Eldridge held several related media and entertainment businesses, including MRC, Dick Clark Productions and the Billboard–Hollywood Reporter Media Group.
Action taken
The businesses were consolidated into Valence Media, which was later renamed MRC.
Aftermath
The structure was subsequently adjusted through the separation of Eldridge and MRC assets and the creation of later joint ventures with Penske Media.
Recent events
Reported
Tripledot Studios raises $116 million in Series B funding[3]
Tripledot Studios announced that it raised $116 million in a Series B funding round, at a valuation of more than $1.4 billion. The company said the funding would support expansion of its game offerings and M&A operations.
Reported
KOHO closes C$210 million Series D funding round[4]
KOHO Financial Inc. announced that it had closed a C$210 million Series D funding round led by Eldridge, with renewed commitments from existing investors Drive Capital and TTV Capital and additional investments from HOOPP, Round13 and BDC. KOHO said it planned to use the capital to accelerate growth, expand into new product verticals and increase headcount from 250 to 400.
- Unconfirmed
Buckle closes $60 million Series B funding[5]
Buckle disclosed that it raised $60 million in a Series B funding round led by Volery Capital Partners, with participation from Eldridge, Assurant Ventures, HSCM Bermuda and other insiders. HSCM Bermuda also expanded Buckle’s surplus term loan from $10 million to $20 million.
Reported
Wellthy raises $35 million in Series B funding[6]
Wellthy announced that it raised an additional $35 million in Series B funding. The announcement said the capital would support international expansion, product development, and continued growth.
Reported
Cutover closes $35 million Series B financing[7]
Cutover announced the final close of its $35 million Series B financing round, with Partnership Fund for New York City and Outrun Ventures among the investors joining the round.
Reported
PayActiv secures $100 million in funding[8]
PayActiv announced that it secured $100 million in funding, including a Series C financing round and an expandable variable funding facility.
Sources8 sources
- 1Eldridge Industriesen.wikipedia.org
- 2Eldridge Industries official websiteeldridge.com
- 3Tripledot Studios完成1.16亿美元B轮融资gamesindustry.biz
- 4KOHO完成2.1亿加元D轮融资finance.yahoo.com
- 5Buckle完成6000万美元B轮融资itbusinessnet.com
- 6Wellthy完成3,500万美元B轮融资finanznachrichten.de
- 7Cutover完成3500万美元B轮融资finanznachrichten.de
- 8PayActiv获得1亿美元融资prnewswire.com
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