Round Hill Music Royalty Partners, a NYC-based private equity firm focused on music copyrights, closed its second fund, at $263m.
Fund II will continue Round Hill’s strategy of establishing a diversified portfolio of blue chip royalty producing music copyrights by acquiring individual catalogs from songwriters, artists and smaller independent music publishers.
Round Hill uses its in-house administration team to increase the royalty income.
Fund II has already deployed more than $100m across several investments including the recently-closed acquisition of Carlin Music and the catalog of country songwriter Dallas Davidson.
Led by Joshua Gruss, Chief Executive Officer, Richard Rowe, Vice Chairman, and Neil Gillis, President, Round Hill has already managed a fund, which launched in 2012 and raised over $200 million in equity commitment. The portfolio of Fund I includes songs recorded by The Beatles, Rolling Stones, Frank Sinatra, James Brown, Bruno Mars, Tim McGraw, Aerosmith, N Sync, Pat Benatar, The Four Tops, James Taylor, Marvin Gaye, The Offspring, Bush, Warrant, Blake Shelton, Carrie Underwood and American Authors, among others.