ZMC opened its doors with a kernel of an idea: the accelerating confluence of digital technology with media, communications and entertainment products would be a source of extraordinary value creation. Over the course of the next seven years, the team invested $200M of equity with partners in seven investments.
Affiliates of ZMC enter into a management agreement with the Board of Directors of publicly traded Take-Two Interaction (NASD: TTWO) to manage the interactive gaming company. The management of Take-Two Interactive continues to be a separate line of business for ZMC today.
Closed ZMC's first private equity fund, ZMC I, L.P., with approximately $150M of committed capital.
Closed ZMC's second private equity fund, ZMC II L.P., with $415M of committed capital.
Closed ZMC's third private equity fund, ZMC III L.P., with $775M of committed capital.
First, we prioritize the customers who buy the products and services our companies provide. Why? If we don't make a great product or service and offer it at a fair value, there is no reason for the company to be in business. Second in line are the employees who work at our portfolio companies. If we don't support them and make sure they are happy, how can they effectively operate the companies providing the goods and services that delight our customers? The third priority are our investors, who entrust us with their capital and for whom we act as fiduciaries to deliver high risk-adjusted returns. As for ourselves, we are last in line.
