Institutional Capital Formation
We connect pension funds, sovereign wealth funds, family offices, and institutional allocators with premium music and entertainment IP assets — structuring acquisitions that meet institutional requirements for scale, diligence, and return.
The Case for Music IP
Music royalties represent a compelling institutional asset class — uncorrelated returns, predictable cash flows, and genuine scarcity in an era of abundant capital chasing yield.
0.12
Correlation to Equities
Near-zero correlation with public markets over the last decade.
30+
Year Revenue Lifespan
Iconic catalogs generate durable, recurring income for decades.
$5B+
Annual Institutional Volume
The market has matured into a recognized institutional asset class.
"Music catalogs offer what few alternative assets can — genuine scarcity paired with predictable, uncorrelated cash flows. Once institutional investors understood that, the market transformed."
CFA Research Division
Capital Sources
Pension funds, sovereign wealth funds, family offices, endowments, insurance general accounts, and dedicated music royalty funds across North America, Europe, the Middle East, and Asia-Pacific.
Transaction Scale
We focus on $5M–$500M+ transactions. Our institutional partners require assets with verifiable revenue history, clean chain of title, and durable competitive positioning.
How We Work
Every engagement begins with a clear mandate and ends with a closed transaction. In between, we manage every moving part — so you stay focused on your business.
01
~ Weeks 1–2
We assess your catalog, financial objectives, and risk tolerance to design a structure that balances upfront capital with retained upside. Models include outright sales, partial sales with retained equity, earnouts, deferred consideration, and LTV-backed loans.
02
~ Weeks 2–3
We produce a detailed valuation analysis and negotiate a term sheet with qualified counterparties. Terms cover purchase price allocation, governance rights, approval thresholds, and exit mechanics.
03
~ Weeks 4–8
Comprehensive legal and financial review including chain of title, revenue verification, and encumbrance analysis. We draft and negotiate definitive agreements that protect your retained interest.
04
~ 1–2 weeks
Execute all closing deliverables, coordinate wire transfers, and establish ongoing administration. We remain engaged post-close to ensure the agreed governance and reporting structures function as designed.
Institutional Framework
Our underwriting framework is built for institutional investment committees. Every asset is evaluated against criteria that matter to pension trustees, endowment CIOs, and sovereign wealth fund managers.
01
Three or more years of verifiable royalty statements showing consistent or growing income. The primary input — without this, valuation is not possible.
02
Catalogs with stable or increasing streams command premium multiples. Declining revenue patterns affect pricing — but every asset has a clearing price.
03
Clean chain of title, no active disputes, no undisclosed encumbrances. Rights ambiguity is the most common dealbreaker in catalog transactions.
04
Multiple income streams — streaming, sync, mechanical, performance — reduce single-channel risk and support higher multiples.
05
Portfolios with diversified assets across multiple works reduce single-hit dependency. Concentration risk is priced in.
Typical Multiples
Expressed against annual Net Publisher's Share (NPS). Ranges are indicative, not guaranteed.
Target Assets
We source and underwrite entertainment and media intellectual property across all formats. Every asset is evaluated against institutional criteria: verifiable revenue, clean chain of title, and durable competitive advantage.
Master recording catalogs, music publishing portfolios, songwriter catalogs, and producer royalty streams. We look for 36+ months of verifiable revenue and a clean chain of title.
Released film libraries, TV show catalogs, series rights, distribution portfolios, and talent participation rights. Revenue history and distribution agreements must be fully documented.
Game title portfolios, gaming IP and franchises, developer revenue shares, and publisher royalty streams. Established titles with documented sales and recurring revenue preferred.
Podcast networks, book royalty rights, digital publishing portfolios, and established content channels. We evaluate based on audience metrics, revenue consistency, and IP defensibility.
Track Record
36+ months of verifiable revenue history. Clean chain of title with no active disputes. Fully documented ownership structure.
Scale
Minimum $50K annual revenue preferred. We evaluate every asset on its own merits — quality of income matters more than volume.
For Institutional Investors
If you represent a pension fund, sovereign wealth fund, family office, endowment, or other institutional allocator seeking exposure to music and entertainment IP, we welcome a confidential conversation.