HarbourView Secures $500M for Music​ Rights Portfolio expansion

HarbourView‌ Equity Partners,a data-driven investor focused‌ on entertainment and finance,has obtained an additional $500 million in securitized debt financing. The financing is supported by its extensive music⁢ rights portfolio, with KKR-managed insurance vehicles participating. This follows a similar $500 million financing deal in March 2024, which also ⁢involved KKR entities.

Since its founding in⁣ 2021, ⁣HarbourView has amassed a diverse collection of over 70 music catalogs, encompassing more than 35,000⁢ songs with both ‌master and publishing rights. The portfolio includes rights to music by⁢ artists⁤ such as Fleetwood Mac,Bruno Mars,Pat Benatar,George⁣ benson,and Justin Bieber.

Sherrese clarke Soares, founder ‍and CEO, emphasized the long-term value of music rights as an ⁣asset. “We see a tremendous prospect to continue investing in evergreen intellectual property, which ⁢we‌ believe‍ is historically uncorrelated⁣ to broader market⁤ volatility and ⁤forms⁢ a powerful ​diversification tool,” Soares said.

HarbourView has‍ also expanded its role into media production, ⁣co-financing a series of Hip Hop biopics alongside Westbrook⁤ Studios,‌ Flavor Unit, and Jesse ⁢Collins⁢ Entertainment. The firm‌ also ⁢backed “Usher: Rendezvous ⁢in Paris,” a ‍2024​ concert film.

The company now ⁢oversees approximately $2.67 billion⁤ in regulatory assets. Barclays structured the‌ transaction exclusively, with Barclays and KKR Capital ⁤markets acting as placement agents. ​Fifth Third Bank served as a passive placement agent.

What’s ‍next

With this new funding, HarbourView is positioned to further expand ​its investments in music rights and explore additional opportunities ⁣within the ⁢entertainment sector.