Kobalt Capital Ltd., a subsidiary of Kobalt, an independent music services company, closed its second managed fund, at $600M.
Led by UK pension fund RPMI Railpen, along with other institutional investors, the fund is comprised of $345m of equity commitments plus debt.
A subsidiary of Kobalt, Kobalt Capital invests in music copyright.
Founded in 2011 and led by Johan Ahlström, CEO, Kobalt Capital Limited is a Financial Conduct Authority (FCA) regulated investment advisory firm that focuses on music rights.
The firm is a Financial Conduct Authority (FCA) regulated investment advisor of two music royalty funds owned by institutional and private investors. KCL advises two investment funds, the first having been launched in 2011 and the second in 2017.