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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…