Round Hill wraps up sophomore fund at $263 mln

Round Hill Music Royalty Partners, a private equity firm focused on music copyrights, has closed its second fund at $263 million. The fund has already made investments of more than $100 million, which include the acquisition of Carlin Music and the catalog of country songwriter Dallas Davidson.

PRESS RELEASE

NEW YORK – January 16, 2018 – Round Hill Music Royalty Partners (“Round Hill”), a private equity firm solely dedicated to investing in music copyrights and one of the world’s largest independent owner of music copyrights, today announced the successful close of its second fund, Round Hill Music Royalty Fund II (“Fund II” or the “Fund”) with total equity commitments of $263 million.

Fund II will continue Round Hill’s successful strategy of establishing a diversified portfolio of blue chip royalty producing music copyrights by acquiring individual catalogs from songwriters, artists and smaller independent music publishers. An additional unique component of the strategy is Round Hill uses its in-house administration team to increase the royalty income. Fund II has already deployed more than $100 million across several investments including the recently-closed acquisition of Carlin Music and the catalog of country songwriter Dallas Davidson.

Joshua Gruss, Chief Executive Officer of Round Hill, said: “I am pleased with the strong level of support we have received from both new and existing investors in Round Hill Music Royalty Fund II. Our business has been successful due to the tireless work of our highly experienced management team, deep institutional approach, high level of GP commitment and robust internal platform to collect, license and administer music royalties.”

Neil Gillis, President, added: “Since inception, Round Hill has made over 100 investments and acquired approximately $465 million of music copyright assets, demonstrating our strong track record of executing deals and adding value, which is appealing to both investors and the music marketplace. Our hands-on approach, passion for music, value-add capabilities like with Zync Powered by Round Hill, Round Hill Nashville and our other internal divisions serve to make Round Hill the music rights company of choice for songwriters and other sellers of copyrights.”

Richard Rowe, Vice Chairman, added: “With Fund I we created what is today the highest quality independently owned collection of music rights in the world. We look forward to repeating that success with Fund II.”

Round Hill’s first fund, which launched in 2012 and raised over $200 million in equity commitments, has spent over $250 million on music rights, including publishing, master recordings and neighboring rights. Round Hill Fund I has generated over $55 million in royalty income since inception. The portfolio of Fund I includes songs recorded by The Beatles, Rolling Stones, Frank Sinatra, James Brown, Bruno Mars, Tim McGraw, Aerosmith, N Sync, Pat Benatar, The Four Tops, James Taylor, Marvin Gaye, The Offspring, Bush, Warrant, Blake Shelton, Carrie Underwood and American Authors, among many others.

The Carlin Music acquisition adds more than 100,000 songs and rights to Elvis Presley, Louis Armstrong, Meatloaf and Billie Holiday to Round Hill’s catalog. Carlin Music contains hit songs such as “What A Wonderful World”, “Total Eclipse of the Heart”, “Paradise By The Dashboard Light”, “I Would Do Anything For Love (But I Won’t Do That)”, “Owner Of A Lonely Heart”, “Santa Baby”, “Jingle Bell Rock”, “Christmas (Baby Please Come home)”, “Jailhouse Rock”, “La Bamba” and many more.

About Round Hill Music
Founded by Joshua Gruss along with Richard Rowe and Neil Gillis, Round Hill Music is one of the largest independent music rights company in the world. Through its various divisions, Zync Powered By Round Hill, Big Loud Bucks Royalty Administration, Round Hill Nashville, Round Hill Records, and its Bosshouse Music Library, Round Hill provides a full administrative platform for songwriters and artists that delivers everything from sync licensing, song placements, music production, label services and transparent, accurate global royalty processing and accounting.

Round Hill boasts an extensive catalog of music recorded and performed by The Beatles, Eddie Holland, Neil Sedaka, The Rolling Stones, The Offspring, Bruno Mars, Cee Lo Green, Frank Sinatra, James Brown, Bon Jovi, Steve Perry, Louis Armstrong, Tina Turner, Ella Fitzgerald, Celine Dion, Britney Spears, N Sync, Mötley Crüe, Eric Carmen, Percy Sledge, Warrant, Bush and Katy Perry and many others. Some of Round Hill’s current artists, writers and producers include American Authors, Eric Krasno, Morgan Taylor Reid, Cobi, Jeffery David, Rune Westberg, The London Souls, Gramatik, Royal Teeth, Civil Twilight, The Griswolds, Lettuce and Odessa.

Beyond Round Hill’s extensive catalog, Round Hill is also one of the top publishers in current music. Round Hill was ranked as one of Billboard’s Top 10 Publishers in Q1 2017 for U.S. radio market share, and seven other quarters within the last three years, as well as Billboard’s #5 Top publisher for the years 2015 and 2016 for country music market share.

Round Hill Nashville claims current hit songwriters such as Dallas Davidson, Jimmy Robbins, Wade Kirby and Danny Myrick on its current roster along with Craig Wiseman, Rodney Clawson, Sarah Buxton, the Warren Brothers, Matt Dragstrom and Chris Tompkins in partnership with Big Loud Shirt.

Round Hill’s catalog includes hit songs such as, “All of Me”, “She Loves You”, “I Saw Her Standing There”, “Stop! In the Name of Love “, “Hit Me With Your Best Shot”, “All Of Me,” “Video Killed The Radio Star,” “When a Man Loves a Woman,” “Cherry Pie”, “Collide”, “Land of A Thousand Dances”, “All By Myself” and many more.

Round Hill has offices in New York, Nashville, Los Angeles and London. To learn more about Round Hill, visit our website at: https://roundhillmusic.com.