Participant joins $350 million investment fund

Participant Media, the do-good film and TV company behind “An Inconvenient Truth” and the Pivot network, is expanding its investment portfolio to more media and entertainment as well as sports ventures.

The company has joined TPG Growth, an arm of private-equity firm TPG whose investments include Uber and Airbnb, and Evolution Media Capital, a merchant bank formed in partnership with CAA, to invest in Evolution Media.

The venture will partner with and invest up to $350 million in growth-stage media, entertainment and sports companies where Participant, TPG Growth and EMC can help grow the business.