GoldState Music, based in 2022 by Charles Goldstuck, has raised USD $500 million to accumulate extra music rights.
In response to the announcement on Thursday (April 17), the strategic capital increase consists of “a structured capital facility” co-led by Northleaf Capital Companions and Ares Administration funds, in addition to “individually raised leverage”. Extra phrases of the non-public transaction weren’t disclosed.
In response to the press launch, Ares Administration Company’s international platform had over $525 billion of belongings beneath administration as of December 31, 2024, with operations throughout North America, Europe, Asia Pacific, and the Center East.
Northleaf Capital Companions, in the meantime, is a worldwide non-public markets funding agency with greater than USD $28 billion in non-public fairness, non-public credit score and infrastructure commitments raised so far.
Northleaf’s partnership with GoldState marks its newest vital transfer on the earth of music rights, after the Toronto-headquartered agency struck a $500 million alliance with Spirit Music Group proprietor Lyric Capital Group in 2021.
“Our new relationship with Northleaf and Ares marks the following step within the evolution of our music investing technique.”
Charles Goldstuck
GoldState’s founder and Managing Associate Charles Goldstuck stated on Thursday that his Florida-headquartered firm’s “new relationship with Northleaf and Ares marks the following step within the evolution of [the company’s] music investing technique”.
Added Goldstuck: “This extra capital will allow us to additional speed up our capacity to capitalize on growing demand for music and construct a diversified portfolio of music belongings throughout artists and genres.
“As main institutional buyers, Northleaf and Ares deliver vital expertise that may assist GoldState’s continued development and differentiation to the advantage of our artists, buyers and different stakeholders.”
Goldstuck is a music trade veteran who has held positions at main labels, together with Arista Information, Capitol Information, J Information, and RCA.
Information of GoldState’s $500 million increase arrives only a few months after the corporate’s reported acquisition of two catalogs from CatchPoint Rights Companions and AMR Songs for about USD $200 million.
GoldState’s monetary backing additionally comes different outstanding buyers together with Flexpoint Ford, Pinnacle Monetary Companions, Areas Financial institution and Tavistock Group, in line with the agency’s web site.
The corporate’s music rights portfolio consists of rights from Alan Walker, All Time Low, the Lifeless Kennedys, and different superstars, in line with its web site.
GoldState’s development portfolio consists of music and leisure platform TouchTunes, wherein Goldstuck serves as govt chairman; TheSanctuary, a recording studio located throughout the luxurious resort group of Albany in The Bahamas that Goldstuck based; and Los Angeles-based music distribution, publishing, and information analytics firm Create Music Group.
(GoldState joined a $165 million funding spherical for Create Music Group in June final 12 months, with non-public fairness agency FlexpointFord. The fundraising was understood to have seen the Flexpoint-led group purchase near a fifth of Create’s fairness.)
“Northleaf’s funding in GoldState straight aligns with our asset-based specialty finance technique, which is designed to supply our buyers with diversified and low correlation publicity whereas delivering sturdy money yield.”
CJ Wei, Northleaf
CJ Wei, Managing Director, Non-public Credit score at Northleaf, stated: “Led by Charles, GoldState is well-positioned to execute on a disciplined music acquisition technique, and Northleaf is happy to assist the Firm and its distinctive workforce.
“Northleaf’s funding in GoldState straight aligns with our asset-based specialty finance technique, which is designed to supply our buyers with diversified and low correlation publicity whereas delivering sturdy money yield.”
“Charles and GoldState Music deliver a daring, visionary method to music rights funding that seeks to empower artists.”
Jeevan Sagoo, Ares Administration
Jeevan Sagoo, Managing Director at Ares Administration, added: “Charles and GoldState Music deliver a daring, visionary method to music rights funding that seeks to empower artists.
“We’re excited to collaborate with them and supply Ares’ deep sector and funding expertise as they advance their long-term development and worth creation technique.”
GoldState’s $500 million increase marks the non-public fairness world’s newest massive vote of confidence in music rights.
Simply final month, Pophouse Leisure, the Sweden-based music funding agency co-founded by ABBA’s Björn Ulvaeus, introduced that it had raised over EUR €1.2 billion (USD $1.3 billion) for its debut fund.Music Enterprise Worldwide
