Influence Media Partners Secures $360 Million Through Private Asset-Backed Security

variety.com:

Thania Garcia As rights-backed securitization deals grow more prevalent in the music industry, Influence Media Partners has obtained $360 million in debt financing through private securitization, collateralized by music royalties from a portion of its portfolio of catalogs.

This latest round of investors includes Nuveen, PPM America, Aflac, Pacific Life, and accounts managed by HPS Investment Partners.

In early 2022, Influence announced a $750 million fund to invest newer, active catalogs, with backing from BlackRock Alternative Investors and Warner Music Group.

Their roster currently includes such artists as Future, Enrique Iglesias and Blake Shelton, among others. “Securing this funding is a testament to Influence’s thoughtful, disciplined and highly strategic vision that prioritizes artist partnership and strong collaboration,” said Lynn Hazan, co-managing partner Influence Media. “Our strategy has allowed us to amass an exceptional roster of catalogs and artist partners who are the heartbeat of Influence Media.