TryHard Holdings (NASDAQ:THH), a prominent lifestyle entertainment operator based in Japan, has entered into a binding collaboration agreement with Carnegie Hill Capital Partners to launch a new investment vehicle focused on the global entertainment sector.
The Hong Kong–based fund will target a capital raise of $10 million to $20 million.
The agreement outlines the strategic framework for the fund, including governance, investment oversight, and exit mechanics.
While the broad economic terms are established, specific capital contributions and final distribution structures will be detailed in forthcoming definitive documents.
The fund is designed to capitalize on emerging opportunities in global IP management, international music festivals, film production, and digital media.
The launch of the fund is contingent upon several conditions, including the procurement of necessary licenses from the Hong Kong Securities and Futures Commission (SFC) and the finalization of compliance procedures.
If these milestones are reached, both parties anticipate the fund will be operational by June 2026.
TryHard, which recently made headlines as the first Japanese entertainment firm to list on the Nasdaq, operates a diverse portfolio ranging from nightclub management to the production of major festivals like MUSIC CIRCUS.
This partnership represents a key step in the company’s broader strategy to scale its brand internationally and diversify its revenue streams through strategic asset management.