NEWARK, N.J.,
June 9,
2025 /PRNewswire/ -- HarbourView Equity Partners
(HarbourView), an alternative asset management company focused on
investment opportunities in the entertainment, media, and sports
space, with approximately *$2.67B in
regulatory assets under management, has closed an additional
$500 million in debt financing
through a new private securitization backed by its diversified,
scaled music portfolio. Insurance vehicles managed by KKR, a
leading global investment firm, participated in the
transaction.
This latest financing expands on the nearly $500 million in debt financing HarbourView
secured in 2024 from KKR-managed insurance vehicles and accounts
and other investors.
"We are thrilled to have KKR's continued support as we further
scale the firm," said HarbourView Founder and CEO Sherrese Clarke. "This additional capital from
KKR will help us accelerate our strategy to align with where the
media, sports and entertainment markets are headed. We see a
tremendous opportunity to continue investing in evergreen
intellectual property, which we believe is historically
uncorrelated to broader market volatility and forms a powerful
diversification tool."
"We are pleased to further support HarbourView and to invest in
this well-diversified, scaled and high-quality portfolio through
our High-Grade Asset-Based Finance strategy. Music IP is one of
many areas of opportunity that we see for this strategy and an
example of its breadth," said Avi
Korn and Chris Mellia, Global
Co-Heads of Asset-Based Finance at KKR.
KKR's Asset-Based Finance (ABF) strategy focuses on privately
originated and negotiated credit investments that are backed by
large and diversified pools of financial and hard assets, offering
diversification to traditional corporate credit and attractive
risk-adjusted returns. KKR's ABF platform began investing in 2016
and now has approximately $74 billion
in ABF assets under management globally across its High-Grade ABF
and Opportunistic ABF strategies.
Established in 2021, HarbourView Equity Partners has solidified
its position in the industry, building a distinctly diverse
portfolio featuring thousands of titles spanning numerous genres,
eras, and artists. With data analytics and value creation at its
core, the firm seeks to deliver differentiated returns in
partnership with the creative ecosystem. The firm has acquired over
70 music catalogs encompassing over 35,000 songs across both master
recordings and publishing income streams. The company most recently
made a deal to finance a slate of Hip Hop biopics in partnership
with Will Smith's Westbrook Studios,
Flavor Unit and Jesse Collins Entertainment, starting with a
Queen Latifah biopic. This followed
an investment in Usher's 2024 concert film "Rendezvous in
Paris."
The financing, solely structured by Barclays, further emphasizes
HarbourView's commitment to targeting the best execution for its
growing LP base and comes on the heels of numerous major deals.
"Barclays is proud to once again support HarbourView. This deal
underscores the strong demand from investors for uncorrelated
assets and highlights our track record of supporting music and
media companies in accessing efficient, scalable capital," said
Salina Sabri, Managing Director,
Securitized Products Origination at Barclays. "We are grateful to
play a small role in HarbourView's continued growth".
Barclays served as sole structuring advisor in this transaction.
Barclays and KKR Capital Markets acted as placement agents, and
Fifth Third Bank, National Association as passive placement
agent.
About HarbourView Equity Partners
HarbourView Equity Partners is an investment firm focused on
opportunities to support premium content across the entertainment,
sports, and media markets. The firm seeks businesses or assets
powered by IP and investment opportunities that aim to build
enduring asset value and returns. HarbourView has been extremely
active since launching in 2021, amassing roughly $2.67 billion* in regulatory assets under
management including over 70+ music catalogs to date and
investments in various portfolio companies with management teams in
its core industries. The firm's distinctly diverse music portfolio
features thousands of titles spanning numerous genres, eras, and
artists, amounting to a diversified catalog of ~35,000+ songs
across both master recordings and publishing income streams. The
company is headquartered in Newark,
NJ.
Home Page ● LinkedIn ● Instagram ● Facebook
* Unaudited as of 12/31/2024
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR's insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR's
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group's website at
www.globalatlantic.com.
About Barclays
Our vision is to be the UK-centred leader in global finance. We
are a diversified bank with comprehensive UK consumer, corporate
and wealth and private banking franchises, a leading global
investment bank and a strong, specialist US consumer bank. Through
these five divisions, we are working together for a better
financial future for our customers, clients and communities. The
Investment Bank helps money managers, financial institutions,
governments, supranational organisations and corporate clients
manage their funding, investing, financing, and strategic and risk
management needs. www.barclays.com/ib.
*Regulatory AUM for private funds are calculated regardless of
the nature of the gross assets under management. This includes any
uncalled committed capital pursuant to an obligation to make a
capital contribution to the fund.
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SOURCE HarbourView Equity Partners
