Blacktsone validates music rights as alts assets with $1bn partnership

If there were any doubts left about the value of music rights as an alternative investment asset class, the $1 billion partnership Blackstone struck yesterday to acquire intellectual property rights and manage music catalogs with Hipgnosis Song Management (HSM) should go a long way toward dispelling them.

The partnership, backed by funds managed by Blackstone, will give the firm an ownership stake in HSM, which acts as investment advisor to Hipgnosis Songs Fund (SONG), the largest UK-listed investor in music . . .

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