The Chernin Group (TCG) | Activity

New Fund

TCG Capital closed Fund 3.0 with $1.3 billion in commitments, continuing its focus on sports, media, and passion-driven consumer businesses.

TCG Crypto

TCG Crypto The Chernin Group (TCG)

buyoutsinsider.comOCT 2026

Investment

TCG participated in Jia's $3M Seed round in May 2026 as a co-investor. Jia operates in the specialized finance space.

Jia

Jia The Chernin Group (TCG)

theventurecodex.comMAY 2026

MAY 2026

Investment

TCG led a Series A round in Real Vault (also known as Real App) in April 2026. Real Vault is a sports-focused digital collectibles and fan engagement platform.

Real Vault

Real Vault The Chernin Group (TCG)

caplight.comAPR 2026

APR 2026

Investment

Led minority investment in Goalhanger, the podcast production firm behind 'The Rest Is' franchise, marking the firm's first external capital in 10+ years.

Goalhanger

Goalhanger The Chernin Group (TCG)

deadline.comJAN 28, 2026 c21media.net advanced-television.com

JAN 28, 2026

Investment

Led minority investment in Entangled Publishing, valuing the independent romance and romantasy publisher at $400M.

Entangled Publishing

Entangled Publishing The Chernin Group (TCG)

publishersweekly.comDEC 10, 2025

DEC 10, 2025

Exit

Portfolio company Food52 filed Chapter 11 bankruptcy and was broken up and sold at auction, a steep write-down of TCG's content-to-commerce investment.

Food52

Food52The Chernin Group (TCG)

adweek.comDEC 2025 businessofhome.com

DEC 2025

News

TCG announced it will not raise a new fund, signaling a potential shift in the firm's growth strategy.

Fund closure announcement

The Chernin Group (TCG)

puck.newsOCT 17, 2025

OCT 17, 2025

Investment

Co-led Substack's $100M Series C alongside BOND, valuing the creator subscription platform at $1.1B.

Substack

Substack The Chernin Group (TCG)

techcrunch.comJUL 17, 2025 axios.com

JUL 17, 2025

Investment

TCG participated in Unrivaled Sports' $120M equity round in May 2025, alongside DSG Ventures. Unrivaled Sports is a youth sports platform.

Unrivaled

Unrivaled The Chernin Group (TCG)

theventurecodex.comMAY 2025

MAY 2025

Investment

Made a $40M minority investment in Ashley Flowers' true-crime podcast company Audiochuck, its first outside capital, to fund expansion into video.

Audiochuck

Audiochuck The Chernin Group (TCG)

deadline.comFEB 23, 2025

FEB 23, 2025

Exit

Portfolio company The Pro's Closet shut down after three rounds of layoffs and a going-out-of-business sale.

The Pro's Closet

The Pro's ClosetThe Chernin Group (TCG)

adweek.comOCT 2024

OCT 2024

The Chernin Group (TCG) Activity

TCG Capital closed Fund 3.0 with $1.3 billion in commitments, continuing its focus on sports, media, and passion-driven consumer businesses.

TCG participated in Jia's $3M Seed round in May 2026 as a co-investor. Jia operates in the specialized finance space.

TCG led a Series A round in Real Vault (also known as Real App) in April 2026. Real Vault is a sports-focused digital collectibles and fan engagement platform.

Led minority investment in Goalhanger, the podcast production firm behind 'The Rest Is' franchise, marking the firm's first external capital in 10+ years.

Led minority investment in Entangled Publishing, valuing the independent romance and romantasy publisher at $400M.

Portfolio company Food52 filed Chapter 11 bankruptcy and was broken up and sold at auction, a steep write-down of TCG's content-to-commerce investment.

TCG announced it will not raise a new fund, signaling a potential shift in the firm's growth strategy.

Co-led Substack's $100M Series C alongside BOND, valuing the creator subscription platform at $1.1B.

TCG participated in Unrivaled Sports' $120M equity round in May 2025, alongside DSG Ventures. Unrivaled Sports is a youth sports platform.

Made a $40M minority investment in Ashley Flowers' true-crime podcast company Audiochuck, its first outside capital, to fund expansion into video.

Portfolio company The Pro's Closet shut down after three rounds of layoffs and a going-out-of-business sale.