Round Hill Music Royalty Fund is to IPO on the London Stock Exchange in a bid to raise $375m in order to invest and generate returns from music intellectual property.
Looking to generate returns of 9-11 percent per year with a dividend yield of 4.5 percent, Round Hill’s looking to invest in well-played songs such as ‘total eclipse of the heart’, ‘when a man loves a woman’ and ‘santa baby’.
By focusing on ‘iconic’ songs, Round Hill is confident that it will generate returns for investors as it will not be linked to equity market movements nor wider economic cycles, including the effects of COVID-19.
Commenting on the investment company, Trevor Bowen, Chair of Round Hill Music Royalty Fund Limited said:
“Round Hill Music Royalty Fund Limited plans to offer investors the opportunity to diversify their portfolios with exposure to a strong collection of timeless catalogues, including a large number of iconic classic hits that have a proven track record of long term performance.
Round Hill Music LP has established itself as a significant music publishing business through compiling high quality music copyright catalogues over the past decade. They were the obvious choice for a manager in this compelling alternative asset class and we are delighted to offer investors access to a listed investment company under their stewardship.”