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Spirit Music Parent Lyric Capital Unveils $800MM Catalog Fund
Spirit Audio Team operator Lyric Cash has officially announced the near of its 2nd audio royalty fund, which better-ups say is outfitted with around $800 million to inject into catalogs. New York City-headquartered Lyric Money, which arrived on the scene in 2019 and expenses by itself simply as “a private equity agency focused on investing in tunes royalties,” revealed its newest funding milestone nowadays. Oct of 2021 noticed the entity unveil a $500 million catalog fund with Northleaf, and Spirit scooped up Jason Aldean’s new music IP in a reportedly $100 million deal in February of 2022. Now, four-12 months-old Lyric has secured “total commitments of approximately $410 million” for…
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Spirit Music Group Owner Lyric Capital Launches $500 MM Catalog Fund
Photograph Credit rating: Giorgio Trovato Expenditure firm Northleaf Cash Companions has formally unveiled a $500 million “strategic alliance” with Spirit New music Group proprietor Lyric Funds, which will deal with “certain songs royalty catalogs” as portion of the deal. Northleaf Capital Associates, which oversees much more than $18 billion in property, formally announced its half-billion-dollar catalog partnership with Lyric Money this afternoon. Northleaf itself led the $500 million investment decision, even though the Quebec Deposit and Investment Fund, Canada’s 2nd-largest pension fund, “was a important co-investor.” Under the freshly finalized union, “funds managed by Northleaf keep an desire in certain tunes royalty catalogs managed by Lyric Funds Group,” the included…
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