After selling his last company, Songs Music Publishing, for about $160 million, Matt Pincus started making new deals across the record industry. The more he did, the more he realized there were few companies focused solely on music investments. So he started another one.
Pincus is announcing Thursday that he has raised about $200 million from Jonathan Soros’s JS Capital Management, Schusterman Family Investments and the merchant bank LionTree LLC to create a new company that will invest exclusively in music assets. That sum includes money he’s putting in the business, which is called Music.