Carlyle Nears Bond Sale Tied to Keith Urban, Katy Perry Music Rights

Carlyle Group Inc. is nearing a $464 million sale of bonds backed by music rights for artists including Katy Perry, Keith Urban and Benny Blanco, according to a person with knowledge of the matter.

The deal, which was three times oversubscribed, taps into insurers’ growing demand for long-dated private credit investments. More than a dozen investors, including insurance companies and insurance asset managers are set to participate in the transaction, said the person, who asked not to be identified discussing confidential information.