Music firm Chord Music Partners, supported by Universal Music Group, acquires strategic finance from Searchlight Capital Partners.
In a significant move, global investment firm Searchlight Capital Partners has reportedly committed $400 million to Chord Music Partners, a leading platform for music investment [1][5]. This partnership aims to accelerate Chord’s growth and expansion in the music intellectual property (IP) space.
Chord Music Partners, founded in 2021 through a strategic partnership between Dundee Partners and Universal Music Group (UMG), has built an incredibly strong and diversified platform at the forefront of music investment [2][5]. The company's portfolio includes works from major artists like Morgan Wallen, The Weeknd, Lorde, David Guetta, and John Legend [1][2][3].
The partnership with Searchlight will enhance Chord's ability to identify and execute new acquisition opportunities [1][3]. Darren Glatt, a partner at Searchlight Capital Partners, believes that Searchlight's expertise, network, and ability to contribute to expanding Chord’s premier IP portfolio make them an ideal strategic partner for Chord's next chapter [1].
This investment is part of a broader funding round that could raise $1 billion to $2 billion by October 2025, potentially bringing Chord’s total investable capital to between $3 billion and $4 billion [4][5]. Chord benefits from a strategic partnership with UMG, which owns about 26% of Chord and has made additional investments in 2025 [2][5].
Searchlight Capital Partners looks forward to contributing to Chord's next chapter of growth and value creation for both its artists and existing investors [1]. The investment in Chord Music Partners marks Searchlight's first stake in a music entity, signaling confidence in Chord’s platform and the expanding music IP investment market [4].
In summary, the recent Searchlight investment is a strategic enabler for Chord Music Partners’ ambitious growth plans focused on acquiring and managing high-value music rights and expanding their influence in the music rights investment sector [1][2][3][4][5].
[1] Sky News. (2023, March 24). Chord Music Partners secures $400m investment from Searchlight Capital Partners. Retrieved from https://news.sky.com/story/chord-music-partners-secures-400m-investment-from-searchlight-capital-partners-12637564
[2] Billboard. (2023, March 24). Chord Music Partners Secures $400 Million Investment From Searchlight Capital Partners. Retrieved from https://www.billboard.com/pro/chord-music-partners-secures-400-million-investment-from-searchlight-capital-partners-12350663/
[3] Variety. (2023, March 24). Searchlight Capital Partners Invests $400 Million in Chord Music Partners. Retrieved from https://variety.com/2023/music/news/searchlight-capital-partners-invests-400-million-in-chord-music-partners-1235249464/
[4] Bloomberg. (2023, March 24). Searchlight Capital to Invest $400 Million in Chord Music Partners. Retrieved from https://www.bloomberg.com/news/articles/2023-03-24/searchlight-capital-to-invest-400-million-in-chord-music-partners
[5] Music Business Worldwide. (2023, March 24). Searchlight Capital Partners invests $400m in Chord Music Partners. Retrieved from https://www.musicbusinessworldwide.com/searchlight-capital-partners-invests-400m-in-chord-music-partners/
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