The Chernin Group (TCG) | Activity | F4
The Chernin Group (TCG) Activity Every public signal F4 has attached to this firm, with sources and cross-entity links.
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
4 investments · DEC 2025 – MAY 2026 Show all
Investment
TCG participated in Jia's $3M Seed round in May 2026 as a co-investor. Jia operates in the specialized finance space. Jia
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
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
Investment
Led minority investment in Entangled Publishing, valuing the independent romance and romantasy publisher at $400M. Entangled Publishing
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
News
TCG announced it will not raise a new fund, signaling a potential shift in the firm's growth strategy. Fund closure announcement
3 investments · FEB 2025 – JUL 2025 Show all Investment
Co-led Substack's $100M Series C alongside BOND, valuing the creator subscription platform at $1.1B. Substack
Investment
TCG participated in Unrivaled Sports' $120M equity round in May 2025, alongside DSG Ventures. Unrivaled Sports is a youth sports platform. Unrivaled
Investment
Made a $40M minority investment in Ashley Flowers' true-crime podcast company Audiochuck, its first outside capital, to fund expansion into video. Audiochuck
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