Round Hill Raises New $263 Million Music Investment Fund
Round Hill Music Royalty Partners announced that it has raised $263 million for a second music investment fund. The private equity firm has taken stakes in music copyrights from The Beatles, Rolling Stones, Bruno Mars and others.
Funds created by Round Hill, Kobalt and others are part of a growing trend that sees investors looking for alternative investments not directly effected by swings in the stock markets.
“I think it’s fair to say what’s going on with music has very little to do with where the traditional markets are,” Round Hill Chief Executive Joshua Gruss told Reuters.
Last week, Round Hill acquired Carlin Music's massive catalog of more than 100,000 songs, including classics like ‘Are You Lonesome Tonight’, ‘Fever’ and ‘La Bamba’ for a rumored $245 million.
