Ex-DreamWorks boss raises almost $600M for investment startup
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Jeffrey Katzenberg is not a fan of vowels.
The former Tinseltown studio boss is starting an investment fund called WndrCo LLC, according to a Securities and Exchange Commission filing on Thursday.
The 66-year-old entertainment-sector heavyweight has already raised nearly $600 million for the fund, which is expected to search for acquisitions in the digital media and tech industries.
The Post first reported Katzenberg’s plans for a venture capital fund on July 23. Katzenberg’s new corporate digs are listed at 9355 Wilshire Boulevard.
The filings suggest that two executives will be joining Katzenberg in his latest venture — Ann Daly, the former president at his former company, DreamWorks Animation, and Sujay Jaswa, who was a chief financial officer at Dropbox.
Jaswa is also a former senior adviser to JPMorgan Chase and joined Katzenberg in August, according to his LinkedIn page.
The filing suggests the fund won’t accept outside investments of less than $25 million. The filing also says the firm has already booked $591.5 million in the fund.
Forbes said Katzenberg’s net worth was $900 million after he sold DreamWorks Animation — creator of the Shrek character — to Comcast for $3.8 billion in 2016.
Katzenberg is believed to have pocketed $391 million in proceeds from the deal.
While running DreamWorks Animation, Katzenberg launched a digital content company aimed at youngsters, called AwesomenessTV.
Verizon paid $159 million for a 24.5 percent stake. Hearst holds a similar stake.
That firm is now part of Comcast, though DreamWorks New Media counts Katzenberg as chairman.
He collects 7 percent of AwesomenessTV’s profits in perpetuity.
Katzenberg might be eager to put his digital media learnings to work in the market. He was a longtime director of gaming company Zynga.
With all that money already raised, perhaps Katzenberg can buy a few vowels for his fund’s name.