Enterprise Information Offers Labels & Publishers
By Chris Cooke | Printed on Friday 15 October 2021
From the more and more bulging file marked “Funding Entities Put Cash Into Music Rights” comes the information that the Lyric Capital Group has introduced a brand new alliance with funding agency Northleaf Capital Companions. As a part of that alliance, Northleaf is main a consortium of buyers which are collectively making a $500 million funding. And why not?
Lyric Capital Group is a personal fairness outfit absolutely targeted on music rights, it having been set as much as orchestrate the management-led buyout of the Spirit Music Group again in 2019. It says the brand new alliance with Northleaf will permit “the 25 12 months outdated Spirit Music Group to proceed to construct upon its already spectacular legacy of evergreen copyrights and current day hit songs”.
Confirming the brand new big-bucks alliance, Lyric Capital Group Managing Accomplice Jon Singer says: “This strategic alliance permits us to proceed to anticipate our purchasers’ wants in a consistently evolving market and speed up our progress technique of investing in iconic catalogues, elevating new music and serving the wants of the songwriters who entrust us with their life’s work. We’re excited to have Northleaf on board who share our imaginative and prescient”.
In the meantime, Northleaf Managing Director Michael Morris provides: “We’re delighted to work with the staff at Lyric. Our collaboration represents a compelling alternative within the music royalty house alongside a best-in-class operator. This can be a quickly rising and uncorrelated asset class that gives our buyers with predictable and rising money flows”.
Pretty stuff. In the meantime, do test at the moment’s one liners with all the newest launch information – or, in the event you choose, updates on all the newest property being added to the all necessary “quickly rising and uncorrelated asset class” that’s music.