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Ropes & Gray Acts as Fund Counsel to Lyric Capital Group on $130 Million Premier Music Catalog Acquisition

Practices: Asset Management, Private Funds, Sponsor Representation, Tax

Ropes & Gray acted as fund counsel to Lyric Capital Group on its acquisition of a $130 million premier music catalog. Lyric Capital Group, a leading music private equity firm focused on investing in music royalties, announced the transaction on July 13. The investment was supported by new and existing limited partners.

The acquisition, a single-artist catalog, is a masters, publishing, and video portfolio built by a renowned singer, songwriter, and producer whose works span over 20 years. This iconic portfolio consists of numerous #1 U.S. singles, #1 U.S. albums, and many global awards from major music institutions. Closing of the transformative transaction coincided with the financing in June 2021.

Asset management partner & client program co-head Sarah Davidoff led the Ropes & Gray team advising Lyric Capital Group, which included asset management partner Jason Kolman, tax partner James Brown, asset management counsel Laura Hirst, asset management associates Melicia Morris and Janet Kim, private capital transactions associate Marc Migliazzo and tax associates Brian Harris and Alexa Voskerichian.

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