When rights supported securitization agreements become more widespread in the music industry, Influence media partners Has received $ 360 million in debt financing through private securitization, security of music royalties from part of its portfolio of catalogs.
This latest round of investors includes NUVEEN, PPM America, Aflac, Pacific Life and Accounts managed by HPS Investment Partners. At the beginning of 2022 announced influence a $ 750 million funds To invest newer, active catalogs, with support from Blackrock alternative investors and Warner Music Group. Their guard list currently includes artists such as Future, Enrique Iglesias and Blake Shelton.
“Ensuring this funding is proof of influencing thought -provoking, disciplined and very strategic vision that prioritizes artist partnership and strong cooperation,” Lynn Hazan said, and collaborates partner affects the media. “Our strategy has enabled us to gather an exceptional list of catalogs and artist partners that are heartbeat of influence media. This new funding round allows us to continue to expand our portfolio, unlock new opportunities and come together with even more incredible talents. We are grateful to our partners at Goldman, Truist and Blackrock for their relentless commitment to this performance. ”
Influence Investment Strategy was founded in 2019 and is based on the media’s investment strategy on “modern evergreens”, and various artists with a strong potential for long -term impact on pop culture. The latest round of capital also follows the launch of Influence’s independent record label, music publishing and distribution companies, slang (led by the company’s partner and founding advisors, Rene McLean).
The $ 360 million transaction was led by Goldman Sachs and Truist Securities, and served as co-structuring and joint investment agents as well as Blackrock as a joint placement agent.
Image above (LR): Lynn Hazan, Rene Mclean and Lylette Pizarro.
