Ropes & Gray Advises Lyric Capital Group on Closing of Second Music Royalty Fund

In The News
March 1, 2023

Ropes & Gray advised Lyric Capital Group on the closing of its second music royalty fund, Lyric Capital Royalty Fund II. The fund closed with total commitments of approximately $410 million, exceeding its target with support from a diverse group of new and existing institutional investors. The closing was announced February 28 in a press release.

Lyric Capital Group, a New York-based private equity firm specializing in music copyrights investments and the owner of global music publishing operation Spirit Music Group, has several hundred million dollars of committed capital currently under management, and over $800 million transacted.

The Ropes & Gray team that represented Lyric Capital Group was led by asset management partner Laura Hirst and included asset management partners Sarah Davidoff, Jason Kolman and Nicole Krea, tax partner Jim Brown and ERISA and fiduciary benefits partner Josh Lichtenstein.