Another massive music deal, as Spirit Music Group parent strikes $500m alliance with Northleaf Capital Partners
Spirit Music Group owner Lyric Capital Group and global investment firm Northleaf Capital Partners have struck a strategic alliance, through which funds managed by Northleaf hold an interest in certain music royalty catalogs managed by Lyric, led by Jon Singer, Managing Partner, and Ross Cameron, Partner.
Northleaf led the USD $500 million investment in which global investment group Caisse de dépôt et placement du Québec (CDPQ) was a significant co-investor.
Toronto-based Northleaf, whose portfolio includes more than 400 active investments in 40 countries, has more than $18 billion in private equity, private credit and infrastructure commitments under management.
Jon Singer continues his role as Chairman of Spirit Music Group, while Lyric Capital Group will continue to oversee all aspects of the Spirit Music Group catalog.
New York-based Spirit says that …
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