Principal Investing
Control positions in music catalogs, deal by deal.
THE STRATEGY
Project EQINXX.
The Firm underwrites to the durability of cash flow rather than to peak reported collections. Opportunities are sourced through direct relationships with owners and intermediaries.
The Firm invests as an independent sponsor, considering control positions on a transaction-by-transaction basis where the earnings history, documentation, and rights position support the underwriting. The strategy seeks control of catalogs that have already demonstrated a stable earnings base. Each investment is capitalized individually, with financing arranged from institutional and specialty capital providers.
The Firm does not invest in transactions in which it acts as sell-side advisor.
OPPORTUNITIES
Presenting an opportunity.
Owners and intermediaries may present catalogs under a mutual non-disclosure agreement. A presentation does not require an advisory engagement.