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Note: The following is my personal musing and not necessarily the view of GHC Capital Markets Limited. I need to declare personal interest in this one, being a shareholder and, over the years, having utilised it as an #alternativeasset to generate income within portfolios. The bid battle highlights a number of points that are contentious in UK 🇬🇧 markets. 1. What makes up value 2. Conflicts of interest 3. Corporate Governance 4. So called “Chinese walls” That said, I’m not going to dwell on the negative. Time for some positive rhetoric!!! Thankfully the battle also highlights what’s good about being a listed-entity from a shareholder perspective. 1. Scrutiny 2. Independent/Non-Exec Board Members 3. Transparency of price Sum total is, contrary to many people’s views, UK 🇬🇧 markets are not “dying”. They are doing what they are supposed to - we just need to encourage more people to use them. In the words of Tavares…. https://lnkd.in/eevXjtJW #markets #ipo #investmenttrusts #socialmedia

One day, investing in music won't be an alternative investment. It will be mainstream. #jkbx #musicbiz #investing #alternativeinvestments

Hipgnosis Song Management rubbishes criticism over its service to Hipgnosis Songs Fund – while warning it and Blackstone will deploy ‘all means necessary’ should HSF attempt to terminate its deal MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next. #Hipgnosis #musicbusiness #musicindustry #MBWExplains

Alternative investments are expanding and taking new forms — from music rights to UK football clubs. See how these opportunities are changing the game for advisors and investors alike. With insights from Scott Cohen of JKBX, Daniil Shapiro, CFA at Cerulli Associates and Jacob M. at Opto Investments. #alts #investments #fintech

Music royalty funds present a unique investment opportunity for your clients. By incorporating this asset class into portfolios, you can help them diversify and tap into the income stream generated by music royalties. Explore how this harmonious investment can enhance your clients' wealth and support their financial goals. #FinancialAdvisors #MusicRoyalties #WealthManagement #Diversification #PinnacleWealth

Well ... well ... well. Hipgnosis Songs Fund has accepted a takeover from Concord Music. Hipgnosis has been in trouble for some time and Concord has had a huge number of backers for a long time (including key pension funds). It will be very interesting to see if this deal goes through. #music #musicindustry #musicbusiness #royalties #musicroyalties #hipgnosis #concordmusic

🎵 Get insights straight from David Schulhof, CEO of MUSQ Global Music Industry ETF! 🎵 💡 Learn how MUSQ (NYSE: MUSQ) is revolutionizing investment opportunities in the booming global music industry. 📺 Watch the full interview HERE: https://lnkd.in/ea_d3aZK #InvestInMusic #MUSQ #MusicIndustry #Investing #ETF #FinancialNews #CapitalMarkets

When we reported on a Concord-controlled entity bidding just over $1.4bn for Hipgnosis Songs Fund (HSF) last week, we suggested that “the big question now is how the company’s investment advisor, Hipgnosis Song Management, and its founder Merck Mercuriadis will react to the proposed acquisition”. Well, here’s the answer. Hipgnosis Song Management (HSM) is backed by investment giant Blackstone, and on Saturday the latter announced that it was making its own play for HSF, trumping Concord’s $1.16-per-share bid with an offer of $1.24 per share. That would value HSF at around $1.5bn. The latter’s board responded on Sunday (21 April) by confirming its receipt of the offer, and saying that it had “indicated to Blackstone that the Proposal is at a value that it would be minded to recommend to its shareholders should Blackstone announce a firm intention to make an offer”. Game on, then. This could be the start of a bidding war between Concord and Hipgnosis Song Management (and, indeed, any other potential acquirers who want to throw their hats into the ring). Read Our Full Analysis Here: https://lnkd.in/dQPv_2HM #MusicIndustry #BusinessNews #Hipgnosis #musically #musicnews #readmore

The bidding war for Hipgnosis Songs Fund may be only just getting started. Last week Concord made a $1.4bn bid for the music rights buyer, only to see investment firm Blackstone trump it with a $1.5bn offer. Now Concord has upped its own bid to… $1.51bn. Hipgnosis Songs Fund’s board said that it plans to recommend the offer to its shareholders. Another detail from the offer: Concord “intends to sell up to 30 per cent of Hipgnosis’ assets within a period of 18 to 24 months following completion of the Acquisition”. “We continue to believe that this is the best outcome for Hipgnosis shareholders as it provides them with the opportunity to realise their investment in cash at a significant premium to the price where the shares were trading before our bid last week.” Read The Full Story Here: https://lnkd.in/dAX2JSA5 #MusicRights #BiddingWar #Hipgnosis #musically #musicnews #readmore

KKR is delighted to continue as a key capital provider in the music IP space. If you’re interested in learning more about Asset-Based Finance credit, we have a variety of educational white papers and blogs available. These resources can provide valuable insights into the importance of this often overlooked area of private credit, which we believe should be considered alongside corporate direct lending. #AssetBasedFinance #KKRCredit #PrivateCredit #alternativeinvestments Avi Korn Varun Khanna Jason Phillips