KKR Leads $500 Million Deal for HarbourView Music Royalties
- Kuvare Asset Management was also part of the financing
- KKR has been expanding its asset-based financing business
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KKR & Co Inc. is leading a $500 million financing package for HarbourView Equity Partners, a $1.6 billion money manager known for acquiring music rights of famous artists such as Brad Paisley and Luis Fonsi.
Kuvare Asset Management was also part of the financing, which was done by securitizing music royalties, meaning repackaging royalty payments into bonds, the firms said Wednesday in a statement.