Lyric Capital Group, a private equity firm based in New York that specializes in investing in music copyrights, has successfully closed its second fund. The fund received commitments totaling approximately $410 million, exceeding its target amount.
The firm received support from both new and existing institutional investors, resulting in a diverse group of backers. Additionally, Lyric Capital secured senior debt financing, which brought its total deployable capital to over $800 million.
One of Lyric Capital’s notable assets is Spirit Music Group, a global music publishing operation. Spirit Music Group manages a vast portfolio of over 100,000 owned and managed copyrights and master recordings, spanning nine decades and every leading musical genre.
The majority of the portfolio comprises mature music royalty assets, including more than 800 chart hits and over 200 number one songs from various artists such as The Who, Ed Sheeran, Eminem, Elvis, Frank Sinatra, ELO, and many more.
